The US Is Running Out of Weapons It Needs Most | Balance of Power 08/11/2026

Watch on YouTube ↗  |  August 11, 2026 at 23:38  |  47:57  |  Bloomberg Markets
Speakers
Wendy Sherman — Former Deputy Secretary of State, Biden Administration; Senior Fellow, Harvard
Becca Wasser — Senior Fellow, CNAS
Isabelle Lee — Reporter, Bloomberg
Gen. Charles Wald — Retired US Air Force General

Summary

The show covers US-Iran tensions over the Strait of Hormuz, with former Deputy Secretary of State Wendy Sherman warning the strait will stay closed, keeping oil prices elevated. Bloomberg Economics reports severe depletion of US advanced munitions, implying a major defense rebuild. Congresswoman McClellan pushes for AI CEO testimony and discusses data-center energy strain. Political panel analyzes primary races and midterm odds.

  • Wendy Sherman says Iran will control the Strait of Hormuz indefinitely, keeping oil supply disrupted and prices high.
  • Bloomberg Economics reports US Patriot, THAD, Tomahawk, and PRSM stockpiles critically depleted, forcing a defense spending surge.
  • Gen. Charles Wald counters that the US military remains capable and the defense budget is already rising to $1.5 trillion.
  • Congresswoman McClellan demands hearings with major AI CEOs and flags energy-demand challenges from data centers.
  • CoreWeave posts strong earnings, boosting AI-related stocks after hours.
  • Political panel debates Democratic socialist primary wins and Republican midterm prospects.
Ideas
Wendy Sherman Former Deputy Secretary of State, Biden Administration; Senior Fellow, Harvard 4:19
Strait closed, oil prices stay high.
The Strait of Hormuz will remain closed indefinitely because Iran controls it, no sustainable deal is likely, and economic pressure will not make Iran cave. This keeps oil supply disrupted and prices elevated, hurting the global economy.
WTI MED
Becca Wasser Senior Fellow, CNAS 25:07
Weapons depletion forces huge defense rebuild.
The US has depleted about half of its Patriot missiles, 40% of THAD interceptors, a third of Tomahawks, and nearly all PRSM missiles. These munitions take years to rebuild, and the critical shortages are already constraining US operations. The imperative to rebuild stockpiles will drive massive defense spending and industrial ramp-up, benefiting the defense sector.
ITA MED
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This Bloomberg Markets video, published August 11, 2026, features Wendy Sherman, Becca Wasser discussing WTI, ITA. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Wendy Sherman, Becca Wasser  · Tickers: WTI, ITA