Strait of Hormuz and precautionary pricing

Top Iranian clerics have picked Mojtaba Khamenei as the country's next Supreme Leader. He is the son of slain leader Ayotallah Ali Khameni and is known for sharing his father's hardline stance. It is a choice that both the US and Israel have said they won't accept. Gideon Sa'ar is Israel's Foreign Minister and he joined the show to react. 

Also on today's show: CNN's Fred Pleitgen interviews former Iranian Foreign Minister Kamal Kharazi; Jason Furman, Former Chairman of the Council of Economic Advisers; Debbie Wei Mullin, Founder, Copper Cow Coffee & Sarah LaFleur, Founder and CEO, M.M. LaFleur 

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