What to know

• "Balance of Power" focuses on the intersection of politics and global business. On today's show, Michael Allen, former special assistant to President George W. Bush in the National Security sector, says the US is taking its economic pressure campaign against I...S1
• Iranian media reported that explosions were heard in the vicinity of Kharg Island, Iran's main oil hub, where 90% of oil leaves the country.S2
• The US launches attacks on targets near Iran's Kharg Island and the port city of Jask according to Fox News. Iranian oil tankers were hit according to the report. This as brent oil prices hover around $100 a barrel. Bloomberg's Kate Sullivan reports from the W...S3
• The US military has struck targets near the strategically crucial export hub of Kharg Island and the port city of Jask, Fox News reported Tuesday, the latest military escalation in a war now in its seventh month.S4