Judge Blocks Subpoenas Against Fed Chair Powell | Balance of Show 03/13/2026

“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Mark Esper, former U.S. Secretary of Defense under the first Trump administration, says drones and sea mines remain the most complicated threats in the Strait of Hormuz and could delay US naval escort missions. Bob McNally, founder and president of Rapidan Energy Group, says oil markets could face weeks of disruption based on current conditions in the Strait. US Secretary of the Interior Doug Burgum says the Trump administration is taking steps to increase US energy production amid the war in Iran.

Chapters:
00:00:00 – Balance of Power: Late Edition Begins
00:01:42 – Josh Wingrove & Michael McKee on Judge Rejects Subpoenas of Fed Board in Powell Case, DOJ to Appeal Judge’s Decision on Fed Subpoenas
00:08:42 – Mark Esper, Fmr. Secretary of Defense Under Pres. Trump, on Drones & Mines Complicating Strait of Hormuz Escort Mission
00:18:17 – Bob McNally, Rapidan Energy Group Founder & President, Discusses Oil Disruption From Hormuz Could Last Weeks
00:25:13 – Political Panel React to Trump Administration’s Messaging on Iran
00:27:18 – Doug Burgum, US Secretary of the Interior, on the US Taking Steps to Increase US Energy Production
00:40:19 – Political Panel React to Judge Blocks Subpoenas Against Fed Chair Powell, DHS Shutdown
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