Global economy grapples with blockage of Strait of Hormuz

Iran's new Supreme Leader, Ayatollah Mojtaba Khamenei says the Strait of Hormuz will remain blocked as long as the war with the US and Israel continues. Oil prices have climbed higher again, as the strait — which supplies a fifth of the world's oil and liquefied natural gas — remains closed. So, is strangling the strait the regime's most effective strategy in this conflict? GUEST: Jamie Smyth, US Energy Editor, Financial Times PRODUCERS: Oscar Coleman, Eleni Psaltis