▶

More Bombing Won't Move Iran: Panetta

Leon Panetta, former US Defense Secretary and former CIA Director, criticizes Secretary Hegseth's political tone in congressional testimony, arguing lawmakers have a duty to scrutinize defense spending. He warns the standoff in the Strait of Hormuz is damaging both the Iranian and US economies-driving up oil, food and fertilizer prices. Asked whether additional strikes would move the needle, Panetta says negotiations are "the only way" the conflict will ultimately end. He speaks with Joe Mathieu on the late edition Bloomberg's "Balance of Power." (Source: Bloomberg)