Markets react as US insists Strait of Hormuz is open

LiveNOW’s Anna Marsick is learning more about how ongoing conflict in the Middle East is impacting global markets with economic strategist, Dan Varroney. This comes as Iran declared the Strait of Hormuz closed once again after a vessel traveling through what it called an "unauthorized route" was met with a warning shot in the strategic waterway. Experts say this escalates tensions and raises new concerns about Iran’s fragile ceasefire with the United States.