Iran’s Clerics Pick a Hard-Liner Leader and Oil Prices Hit the Economy

Mojtaba Khamenei, the son of the late Ayatollah Ali Khamenei, has been selected to take over as Iran’s new supreme leader just a week after his father was killed in U.S.-Israeli strikes. NBC News Contributor Hooman Majd explains what his military background could bode for the war. Plus, oil markets are in turmoil as the Middle East conflict sends shock waves through global energy supplies. Crude surged past $100 a barrel this weekend for the first time since 2022. But, the price of U.S. crude oil plunged around 5% this afternoon and U.S. equities markets sharply reversed after comments from President Trump on CBS News saying that the war was "very complete, pretty much." NBC News Chief Business Correspondent Christine Romans has more on how the energy crisis may ripple through the U.S. economy, from rising gas prices to higher grocery bills.

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