Trump's Iran blockade sparks oil price surge

After U.S. peace talks with Iran ended in a stalemate, President Donald Trump says the U.S. Navy will begin a blockade of the Strait of Hormuz. According to a number of reports, Iran’s closure of the strait has triggered global economic turmoil, and reopening it was a key condition in U.S. efforts to reach a deal. Oil Analyst Tom Kloza joins LiveNOW's Andy Mac to discuss the potential impacts an ongoing blockade could have on already elevated oil prices.