Tensions flare around US-EU oil embargo on Iran

Today two Iranian lawmakers stepped up threats their country would shutter the strategic Strait of Hormuz, through which a fifth of the world's crude flows, in retaliation for oil sanctions on Tehran. The warnings came as EU nations agreed in Brussels on an oil embargo against Iran as part of sanctions over the country's controversial nuclear program. The measure includes an immediate embargo on new contracts for Iranian crude and petroleum products while existing ones are allowed to run until July. Dean Ahmad, President of the Minaret for Freedom Institute, and Hisham Ahmed, a Political Science Professor at St. Mary’s College of California, talk about the situation in Iran.