Buzzberg Cup Live

Stanton Urges Hormuz Diplomacy

Watch on YouTube ↗  |  July 12, 2026 at 17:28  |  11:14  |  Bloomberg Markets
Speakers
Greg Stanton — Congressman

Summary

Congressman Greg Stanton criticizes the Trump administration's Iran war as a mistake that has closed the Strait of Hormuz, raised energy costs, and requires urgent diplomacy. He also condemns settler violence against a fellow congressman in the West Bank and argues that tariffs and the failure to renew USMCA harm North American economic cooperation essential for competing with China.

  • US launched new strikes on Iran overnight; Strait of Hormuz status disputed, with Iran saying it's closed and the US saying it's open.
  • Stanton calls the war a 'war of choice' that raised gas prices, lacks a clear strategy, and worsened the Iran nuclear issue.
  • He criticizes the Trump administration's deal with Iran, which gave upfront sanctions relief without accountability.
  • Stanton emphasizes the need to reopen the Strait of Hormuz through diplomacy, vital for the world economy.
  • He addresses the incident where Rep. Ro Khanna was detained by settlers in the West Bank, calling it unacceptable and harmful to a two-state solution.
  • On China competition, Stanton says not renewing USMCA and slapping tariffs on allies weakens North American economic integration and harms the effort to counter China.
  • He argues that modernizing USMCA and strengthening ties with Canada, Mexico, Europe, and Asian allies is critical for the US economic battle with China.
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