Oil prices soar as Iran names new supreme leader

Iran launched more attacks on Israel and Gulf countries Monday, hours after Iranian state TV said Mojtaba Khamenei, son of the country’s late supreme leader and long considered a contender, had been named his successor. Oil prices skyrocketed Monday, leading to more worries that higher energy costs will fuel inflation and lead to less spending by U.S. consumers, the main engine of the economy.  Janatan Sayeh of the Foundation for Defense of Democracies joined LiveNOW from Fox's Carel Lajara to discuss the latest developments from the conflict with Iran.