Vance Warns Israel Against Attacking its 'Only Powerful Ally' | Balance of Power 06/18/2026

Summary

Bloomberg's 'Balance of Power' covers the Trump administration's MOU with Iran, criticism from John Bolton, and Vice President JD Vance's warning to Israel. The program also discusses market moves in chips and energy, the SpaceX IPO, and political developments such as the D.C. mayoral primary and the opening of the Obama Presidential Center.

• John Bolton criticizes the Iran MOU, arguing it emboldens Iran and will fund the Revolutionary Guard.
• Bolton outlines an alternative military strategy to keep the Strait of Hormuz open and maintain an oil blockade.
• Vice President Vance warns Israel not to attack the US, citing military aid and Trump's support.
• Energy prices hold above $80 but are down 10% weekly; ship traffic through the Strait of Hormuz remains far below normal.
• Chip stocks lift the Philadelphia Semiconductor Index to all-time highs amid a broader market recovery.
• SpaceX shares display post-IPO volatility, with bulls focused on Elon Musk's vision and upcoming earnings.
• Janeese Lewis George wins the D.C. mayoral primary, signaling a sharp leftward shift in the city.
• The Obama Presidential Center opens in Chicago, emphasizing democracy, civic engagement, and urban renewal.