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US Awaits Iranian Response as Clashes Raise Tensions | Balance of Power: Late Edition 05/08/2026

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, David Hale, former US Ambassador to Lebanon and Pakistan & current Wilson Center Distinguished Fellow, shares his insight on how receptive he feels Iran is towards US asks as amid renewed clashes in Hormuz. Rep. Jennifer McClellan (D-VA) voices her frustration with Virginia's Supreme Court striking down the state's new redistricting map. (Source: Bloomberg)