Breaking down OPEC and its influence
President Trump gave his endorsement to the United Arab Emirates' decision to leave the Organization of the Petroleum Exporting Countries, or OPEC, on Wednesday. "The Daily Report" breaks it down.
OPEC
Gas prices at highest level since Iran war began
Gas prices have surged to their highest level since the start of the U.S.-Israeli war with Iran. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Strait of Hormuz in limbo, UAE to leave OPEC
The Strait of Hormuz remains in limbo amid Iran's latest offer to reach a deal with the U.S. Meanwhile, the United Arab Emirates announced its exit from the Organization of the Petroleum Exporting Countries (OPEC), effective May 1. CBS News' Ramy Inocencio has more.
From the archives: Grappling with the 1973 oil crisis
On Nov. 29, 1973, CBS News aired a special report titled "Making It Through This Winter," spotlighting the ways Americans were making do amid the oil crisis. Watch the program in full.
Oil prices rise sharply in market trading after attacks disrupt supply
Oil prices rose sharply when market trading began late Sunday over concerns that the supply from Iran and elsewhere in the Middle East would slow or grind to a halt.
Gas prices dip below $3 per gallon, the lowest since 2021
The average price across the U.S. now stands at $2.95 per gallon, down 8.5 cents from a week ago, according to GasBuddy.
Trump victory's impact on the energy sector
President-elect Donald Trump vowed to cut U.S. energy prices by 50% within one year of taking office. He is also expected to loosen regulations on oil and natural gas companies. Patrick De Haan, the head of petroleum analysis for GasBuddy.com, a website that tracks fuel prices, joins CBS News to discuss.
War in Middle East driving up oil prices
As the Middle East waits to see how Israel will respond to Tuesday's massive missile attack by Iran, oil prices have risen over the prospect of possible Israeli strikes on Iran's oil facilities. CBS News foreign correspondent Ramy Inocencio has more.
How will OPEC+ cuts affect U.S. gas prices?
Several OPEC+ countries will reduce oil production by a combined 2.2 million barrels per day through June. Jeff Colgan, director of the Climate Solutions Lab at Brown University, joins CBS News to discuss how the decreased output could affect the U.S.
Investors close out 2023 with a stock market gain of 24%
This year's robust stock market performance defied analysts' predictions as investors cheered prospects of lower interest rates and inflation.
Saudi Arabia, Russia move to extend oil cuts could drive up gas prices
Move by two OPEC+ members to continue scaling back crude production likely means higher prices at the pump for U.S. drivers.
Saudi Arabia cutting oil output in move that could raise gas prices
The Saudi cut of 1 million barrels per day comes as the other OPEC+ producers agreed to extend earlier production cuts through next year.
OPEC announces cuts to oil production
OPEC unexpectedly announced cuts to oil production. The move will likely increase the price of gas.
Here's what OPEC's production cuts mean for U.S. gas prices
Oil cartel's surprise plan to dial back production will likely push up fuel costs within the next two weeks, analysts say.
OPEC+ decides against further oil cuts
Saudi-led OPEC+ opted not to make any additional changes to oil production as Western sanctions on Russian oil are set to take effect. Evan Halper, a business reporter for the Washington Post, joins CBS News' Vladimir Duthiers and Lilia Luciano to discuss the impact.
OPEC maintains oil targets amid uncertainty over Russian sanctions
The OPEC oil cartel and allied producers including Russia aren't changing their targets for shipping oil to the global economy.
OPEC releases 2022 World Oil Outlook
OPEC estimates show that the world markets could demand more oil for the next decade, despite a push toward renewable energy and electric cars. Tom Kloza, global head of energy analysis at the Oil Price Information Service, joins CBS News to talk about what the projection means and how it could affect suppliers and consumers.
North Korea could test tactical nuclear weapon
North Korean leader Kim Jong-un could soon test a tactical nuclear weapon, according to U.S. and South Korean officials. CBS News chief foreign affairs correspondent and "Face the Nation" moderator Margaret Brennan joins CBS News' John Dickerson to discuss.
Biden vows "consequences" for Saudi Arabia
President Biden said there will be "consequences" for Saudi Arabia after the country, as part of OPEC, sided with other oil producing countries to cut production. CBS News chief White House correspondent Nancy Cordes discussed what those consequences could be.
Ukraine to receive more advanced air defense systems
The White House said Tuesday that Biden has promised to provide Ukraine with more advanced air defense systems. This comes as Russia continues to bombard the country with missile attacks. Meanwhile, the White House also said Mr. Biden is reevaluating the U.S.-Saudi relationship after OPEC announced last week it would cut oil production. CBS News chief White House correspondent Nancy Cordes reports from Washington, D.C.
John Kirby discusses the war in Ukraine
John Kirby, a retired admiral who now serves as National Security Council coordinator for strategic communications, joined CBS News to discuss the war in Ukraine, Russian President Vladimir Putin's nuclear threats, as well U.S.-Saudi relations and North Korea's recent missile tests.
Biden to release more oil from reserve
President Biden is releasing 15 million barrels of oil from the nation's strategic reserve in an effort to curb rising prices after OPEC+ announcing it would cut oil production. CBS News senior White House and political correspondent Ed O'Keefe explains how the administration plans to account for the oil it's taking from the reserve and how the move could affect the midterm elections.
Biden releases 15M barrels from oil reserve
President Biden unveiled his three-step plan Wednesday to lower oil prices. Part of that plan is the release of 15 million barrels of oil from the U.S. strategic reserve. The announcement comes weeks after OPEC+ announced it was cutting oil production, a decision that drove gas prices up. CBS News senior White House and political correspondent Ed O'Keefe discussed the president's plan.
Investors react to oil reserve announcement
President Biden announced Wednesday that 15 million more barrels of oil would be released from the Strategic Petroleum Reserve as part of a plan to reduce gas prices. Reuters energy reporter Laura Sanicola discussed the reaction in the oil market.
Biden releases 15 million barrels of oil from strategic reserve
President Biden announced the release of 15 million barrels of oil from the U.S. strategic reserve as part of a response to recent production cuts announced by OPEC+ nations.
Four more Laos gold miners rescued from flooded cave
A Laos rescue organization said that the water level inside the cave had receded enough for the four miners to leave with divers.
Live
Trump decision on Iran deal yet to come as Hegseth talks negotiations
President Trump held a meeting with key advisers on Friday to hammer out a "final determination" on a potential deal with Iran, but no word has come on a decision.
Judge blocks closure of Kennedy Center, orders removal of Trump's name
A judge blocked the Kennedy Center from closing its doors during renovations, and ruled that its board acted unlawfully by adding President Trump's name to the building. The president reacted by saying he wants Congress to take it over.
White House says Trump is in "excellent health" in results from physical
President Trump's physician said in a letter released Friday that the president is in "excellent health," following a physical earlier this week at Walter Reed National Military Hospital.
Jill Biden on Hunter pardon: "We just could not let our son go to jail"
Jill Biden said she supported Joe Biden's decision to pardon their son, Hunter, because they couldn't let him go to jail under President Trump.
Lead prosecutor leaves DOJ's case accusing James Comey of threatening Trump
The federal prosecutor who signed an indictment accusing former FBI Director James Comey of threatening President Trump by posting an image of seashells arranged as "86 47" is no longer on the case.
Judge orders Trump to respond to claims "anti-weaponization fund" deal was "fraud"
A judge signaled she may reopen a case between President Trump and his own government that led the DOJ to create a $1.776 billion "anti-weaponization fund," ordering the president's lawyers to respond to allegations of "deception" and "fraud."
Hegseth tones down warnings about China in visit to region
Last year, Hegseth called China a "threat" to Taiwan and said an attack might be "imminent."
Key U.S. general meets with Cuban military near Guantanamo Bay
The head of the U.S. military's Southern Command met Friday with top Cuban military officials at the edge of Guantanamo Bay, a rare meeting as President Trump heaps pressure on Cuba and does not rule out military action.
U.S.
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Hegseth tones down warnings about China in visit to region
Last year, Hegseth called China a "threat" to Taiwan and said an attack might be "imminent."
White House says Trump is in "excellent health" in results from physical
President Trump's physician said in a letter released Friday that the president is in "excellent health," following a physical earlier this week at Walter Reed National Military Hospital.
Death toll from U.S. strikes on alleged drug boats climbs above 200
The strikes are part of a monthslong campaign against alleged drug boats traversing the Caribbean Sea and eastern Pacific.
Trump directs CDC to align with assessment calling for fewer childhood vaccines
Earlier this year, the CDC announced updated recommendations that would reduce the number of recommended immunizations for children from 17 to 11.
Lead prosecutor leaves DOJ's case accusing James Comey of threatening Trump
The federal prosecutor who signed an indictment accusing former FBI Director James Comey of threatening President Trump by posting an image of seashells arranged as "86 47" is no longer on the case.
MoneyWatch
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5 economic signals suggest U.S. consumers are feeling the strain
Consumers have kept the economy chugging along despite financial pressures. But some signs suggest they could be losing steam, experts say.
Why have tomato prices surged nearly 40% in a year?
Experts point to several factors, from tariffs to weather, behind the rapid price increase in the humble tomato.
Southwest revises its overweight passenger rules. Here's what's changing.
Southwest is walking back some recent changes in its policies for passengers who require a second seat.
Data center frenzy is spurring a jobs boomlet for blue-collar workers
The rush to build thousands of U.S. data centers is driving demand for some workers, though economists project fewer permanent jobs.
Treasury Dept. is weighing a $250 bill with Trump's image
The department said it is preparing for the banknote in response to legislation proposed last year.
Politics
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White House says Trump is in "excellent health" in results from physical
President Trump's physician said in a letter released Friday that the president is in "excellent health," following a physical earlier this week at Walter Reed National Military Hospital.
Death toll from U.S. strikes on alleged drug boats climbs above 200
The strikes are part of a monthslong campaign against alleged drug boats traversing the Caribbean Sea and eastern Pacific.
Trump directs CDC to align with assessment calling for fewer childhood vaccines
Earlier this year, the CDC announced updated recommendations that would reduce the number of recommended immunizations for children from 17 to 11.
Lead prosecutor leaves DOJ's case accusing James Comey of threatening Trump
The federal prosecutor who signed an indictment accusing former FBI Director James Comey of threatening President Trump by posting an image of seashells arranged as "86 47" is no longer on the case.
Jill Biden on Hunter pardon: "We just could not let our son go to jail"
Jill Biden said she supported Joe Biden's decision to pardon their son, Hunter, because they couldn't let him go to jail under President Trump.
HealthWatch
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Woman diagnosed with cancer after minor symptoms: "Couldn't believe it"
Candace Tucker thought her symptoms were benign. A colonoscopy led to an alarming diagnosis.
Trump directs CDC to align with assessment calling for fewer childhood vaccines
Earlier this year, the CDC announced updated recommendations that would reduce the number of recommended immunizations for children from 17 to 11.
Kenyan court blocks opening of U.S. Ebola quarantine center on air base
U.S. government plans to open a quarantine center for Americans exposed to Ebola on an air base in Kenya have been temporarily halted by a court order.
Ebola, hantavirus outbreaks raise questions about Trump's health agency cuts
Infectious disease specialists say the viruses are unlikely to become pandemics, but some are still raising concerns about the federal health response.
Rubio: No more Ebola patients allowed in U.S.
The Trump administration announced plans to set up an Ebola quarantine and treatment center in Kenya for Americans exposed to the deadly virus overseas. Secretary of State Marco Rubio is now saying no Ebola patients will be allowed into the U.S. Mark Strassmann reports.
World
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Hegseth tones down warnings about China in visit to region
Last year, Hegseth called China a "threat" to Taiwan and said an attack might be "imminent."
Four more Laos gold miners rescued from flooded cave
A Laos rescue organization said that the water level inside the cave had receded enough for the four miners to leave with divers.
Trump call with Taiwanese president on hold
When Trump visited China earlier this month, Chinese President Xi Jinping warned him that Taiwan could become a "very dangerous situation" if mishandled.
Key U.S. general meets with Cuban military near Guantanamo Bay
The head of the U.S. military's Southern Command met Friday with top Cuban military officials at the edge of Guantanamo Bay, a rare meeting as President Trump heaps pressure on Cuba and does not rule out military action.
Exclusive
Zelenskyy says Ukraine bracing for "big attacks" by Russia in next 24 hours
Ukrainian President Volodymyr Zelenskyy said Ukraine has received intelligence indicating Russia will launch an assault involving drones and missiles.
Entertainment
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Entertainment
Peter Frampton performs "Lyin'"
Peter Frampton is best known for his smash hits "Show Me the Way" and "Do You Feel Like I Do." Now, the multi-Grammy Award-winning guitarist and singer-songwriter is out with his first original album in 16 years, "Carry the Light." Here's Peter Frampton with "Lyin'."
Peter Frampton performs "Buried Treasure"
Peter Frampton is best known for his smash hits "Show Me the Way" and "Do You Feel Like I Do." Now, the multi-Grammy Award-winning guitarist and singer-songwriter is out with his first original album in 16 years, "Carry the Light." Here's Peter Frampton with "Buried Treasure."
AI movie "Dreams of Violets" premiering
A new movie titled "Dreams of Violets," with images fully generated by artificial intelligence, is set to premiere next month. Jo Ling Kent reports on the film made with no lights, no cameras and no actors.
Wyclef Jean on huge 7-album music project
Musician Wyclef Jean is on a journey to release 7 albums as part of a single project titled "Quantum Leap." Jean joined CBS News with more details.
Wyclef Jean on 7-album project "Quantum Leap"
Grammy Award-winning artist Wyclef Jean released a new single, "Mr. October," from his new album "Clef Notes," which comes out June 26. The album is the first installment of this seven-album project "Quantum Leap." Jean joins to discuss why he plans to release seven albums in one year and the story behind his new single.
Technology
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Technology
Why did Trump postpone signing an order on AI?
Last week, President Trump was expected to sign an executive order on artificial intelligence, but abruptly postponed the event. Politico White House reporter Diana Nerozzi joins to examine what happened.
Is AI a helpful tool for finding love?
Dating apps are matching up with artificial intelligence as romance-seekers demand new ways to find love. Venture capitalist Matt Shumer joins "CBS Mornings" with more details.
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Examining the public sentiment on AI
Pope Leo has released the first encyclical of his papacy, focusing on humanity and, in part, warning of the risks posed by the growing use of artificial intelligence. The message comes amid growing dissent among young people over AI. Nicholas Thompson, CEO of The Atlantic, joins to discuss.
Google worker arrested over Polymarket bets
A Google employee has been arrested for allegedly using insider information to make $1 million on Polymarket. Dustin Gouker, publisher of the Event Horizon newsletter on prediction markets, joins CBS News to discuss.
Science
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New species of blue octopus discovered 5,900 feet underwater
The new species, named Microeledone galapagensis, has a blue hue, which is believed to be the rarest color in nature.
What we know about new UFO file release
The Pentagon has released another batch of never-before-seen files on reported UFO sightings. CBS News senior national security correspondent Charlie D'Agata reports.
Atlantic hurricane season is coming up. Here's what NOAA predicts.
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
2 humpback whales swam record-breaking distance, photos reveal
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Live chicks hatched from artificial eggshell, biotech company says
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
Crime
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Crime
Pam Bondi testifying on Epstein
Former Attorney General Pam Bondi was heckled by Epstein abuse survivors before she entered a closed-door interview to testify for House Oversight Committee members about the Justice Department's Epstein probe. CBS News' Jake Rosen reports.
Pam Bondi testifying on Epstein files
Former Attorney General Pam Bondi is testifying privately before members of the House Oversight Committee on the botched Justice Department rollout of the Epstein files. CBS News' Caitlin Huey-Burns reports.
Former chef pleads guilty to supplying lethal substances for suicides
Police in Canada and around the world have been investigating more than 100 suicides linked to Kenneth Law.
Judge on DOJ "anti-weaponization" fund
A federal judge has temporarily blocked the Justice Department from moving forward with work on the new "anti-weaponization" fund, including making any payouts. CBS News' Ed O'Keefe reports.
Probe on E. Jean Carroll lawsuits funding
The Department of Justice is investigating the outside funding that Trump accuser E. Jean Carroll received for her civil lawsuits against the president. CBS News' Katrina Kaufman reports.
Space
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Blue Origin assesses impact of New Glenn explosion
Blue Origin assess the impact of Thursday's New Glenn explosion, prompting concern about NASA moon program delays.
Blue micromoon makes rare appearance this weekend
A rare blue micromoon will appear in night skies this weekend. Here's what to expect.
NASA's moon base plans include landers, buggies and drones for 2028 mission
Jeff Bezos' Blue Origin, Astrolab, Lunar Outpost and Firefly Aerospace are awarded with hundreds of millions of dollars in NASA contracts for the first phase of its moon base plans.
China launches spacecraft with astronaut set to remain in space for a year
China has launched the Shenzhou 23 spacecraft with three astronauts heading to its space station.
SpaceX launches more powerful Super Heavy-Starship rocket
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Where to get the latest CBS Mornings Deals
On this edition of CBS Mornings Deals, we show you items that will help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
WHO chief lands in Congo amid Ebola outbreak
World Health Organization Director-General Dr. Tedros Adhanom Ghebreyesus arrived in Congo as health officials continue to battle a severe Ebola outbreak and misinformation.
Peter Frampton performs "Lyin'"
Peter Frampton is best known for his smash hits "Show Me the Way" and "Do You Feel Like I Do." Now, the multi-Grammy Award-winning guitarist and singer-songwriter is out with his first original album in 16 years, "Carry the Light." Here's Peter Frampton with "Lyin'."
Peter Frampton performs "Buried Treasure"
Peter Frampton is best known for his smash hits "Show Me the Way" and "Do You Feel Like I Do." Now, the multi-Grammy Award-winning guitarist and singer-songwriter is out with his first original album in 16 years, "Carry the Light." Here's Peter Frampton with "Buried Treasure."
Jill Biden on Hunter Biden pardon
Former first lady Jill Biden sits down with "CBS Sunday Morning," where she discusses everything from former President Joe Biden's health during his presidency to their son Hunter's pardon. Tune in for the full interview Sunday at 9 a.m. ET on CBS.