Iran war could drive up food prices, shipping costs, and more
As the war with Iran continues, gas prices have surged, and it's been a rollercoaster on the stock market, but there are other price swings at play that might be less obvious.
Watch CBS News
As the war with Iran continues, gas prices have surged, and it's been a rollercoaster on the stock market, but there are other price swings at play that might be less obvious.
United Airlines has cut down of its flights temporarily due to rising jet fuel costs amid the U.S.-Israel war with Iran.
The president threatened to "obliterate" Iranian power plants if Iran didn't reopen the Strait of Hormuz by late Monday night Eastern Daylight Time.
Stanford economists estimate that the typical U.S. household will spend an additional $740 on gas this year because of the jump in global oil prices.
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
The war with Iran is causing gas prices to surge, with motorists in Chicago and around the country guaranteed to feel the impact at the pump Monday morning.
The increase comes ass global oil prices surge amid the escalating conflict involving Iran, a key player in the world's energy supply. Darius Johnson reports.
At a Shell gas station at Armitage and Damen avenues near the Kennedy Expressway Monday morning, prices hit $4.69 per gallon. Darius Johnson reports.
The war with Iran is causing gas prices to surge, with motorists in Chicago and around the country guaranteed to feel the impact at the pump Monday morning. Darius Johnson reports.
Crude oil surpassed $114 a barrel as the Iran war impedes production and shipping.
There's no relief in sight for drivers at the pump as the war in Iran is directly driving up the cost of gas. Analysts expect more of the same unless something changes soon.
CBS News Business Analyst Jill Schlesinger has some information on how the war against Iran could affect finances and gas prices, and what you can do to protect yourself.
U.S. motorists could soon see higher prices at the pump as oil prices surge following the attacks in Iran.
Drivers in the Chicago area can expect to start paying more at the pump this week, as oil prices have spiked amid the U.S.-Israeli war on Iran.
Iran controls part of the Strait of Hormuz, a critical shipping lane where about 20 million barrels of oil flow every day, and it’s the world’s sixth-largest oil producer.
If approved, the average customer would pay an extra $10 to $11 per month.
Some local gas stations as of Tuesday afternoon were posting prices of $4 per gallon for regular unleaded, and more than $5 for premium.
An outage at the BP Whiting Refinery in Northwest Indiana during drenching storms last week is believed to be connected to the spike. Sara Machi reports.
Gas stations as of Tuesday afternoon in Chicago were posting prices of $4 per gallon for regular unleaded, and more than $5 for premium. Sara Machi reports on why that's happening.
An Illinois representative has introduced legislation to tax road mileage as the state sees less revenue from the gas tax.
An Illinois representative has introduced legislation to tax each mile you drive as the state sees less revenue from the gas tax.
While the tariffs on Mexico and Canada have been paused, there was still concern late Monday about what happens next month if the tariffs go ahead in a month.
The tariffs in Canada and Mexico were paused Monday, but gas and lumber are two of the big commodities that would potentially be impacted if they go ahead. Megan Hickey reports.
President Trump's tariffs against Mexico and Canada have been paused, but there is concern about the effects in particular on the gas and lumber industries if they go ahead. Megan Hickey reports.
On Monday, President-elect Trump specifically promised a 25% tariff on all products coming from Mexico and Canada—in addition to a 10% levy on Chinese goods.
Mourners gathered to remember the lives of four family members killed in a shooting on Norway Trail and a house fire on Chalet Court this week.
Berube, who helped UConn win its first NCAA championship in 1995 under Hall of Fame coach Geno Auriemma, led Princeton to a 147-29 record and five NCAA Tournament appearances in six seasons.
Joel Embiid scored 35 points in his return to the lineup from injury, Paul George had 28 points in his first game since serving a 25-game suspension, and the 76ers rolled to a 157-137 victory over the Bulls.
According to the Village of Oak Park, the move comes after a reported financial issue stemming from the hospital's medical records billing system.
South Holland police said officers determined that the ATV had crashed into a concrete barrier, killing the victims.
A week after Mayor Brandon Johnson fired two of his top community safety leaders, another senior staffer is leaving his administration.
Mayor Brandon Johnson on Wednesday vetoed an ordinance that would have halted scheduled wage hikes for tipped workers in Chicago, calling the bid to freeze their pay "tone deaf and shortsighted."
A potential deal to end the DHS shutdown has stalled on Capitol Hill after Senate Democrats made their latest counteroffer.
Mayor Brandon Johnson on Tuesday said he was not aware of a hostile work environment complaint two of his top aides filed months before he fired them last week.
Delta is temporarily halting specialty services for members of Congress, citing strain on its resources during the partial government shutdown.
Illinois Secretary of State Alexi Giannoulias this weekend issued a warning about a surge in text messages that falsely claim to come from his office or the DMV within it.
Tenants at a South Loop luxury high-rise that has been plagued with problems like broken elevators are vowing to fight five-day eviction notices.
It's become an annual March Madness tradition at CBS Chicago, pitting our city's best eateries in direct competition in a foodie bracket challenge. We did pizza, we've done Italian beef, we've done Chicago dogs. This year, we're taking flight with wings.
For Cook County residents hoping to lower their property tax bills, applications are open for exemptions.
Officials in the north Chicago suburb of Wilmette issued a warning Tuesday about scammers who are impersonating representatives of village departments.
Ending domestic violence is the goal of groups and advocates all over the world, and some experts in Chicago say it is time to become less reactive and more proactive when it comes to the people causing harm.
A new Iowa law bans local nondiscrimination protections on the basis of gender identity after the state became the first in the U.S. to roll back its civil rights code last year.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
Illinois Gov. JB Pritzker on Monday announced a $1.5 billion investment from biotherapeutics company CSL for a new plasma therapy manufacturing plant in Kanakee.
When a doctor was told there was no cure for his daughter's condition, he was motivated to transform not only her health, but the lives of thousands of others.
Chicago consistently ranks in the top three cities in Fortune 500 company headquarters, and now a competition has been launched to build on Chicago's power in business.
The flagship Ann Sather restaurant on Belmont Avenue in Chicago's Lakeview community will be moving later this year, a restaurant representative said Tuesday.
Chicago Bulls legend Scottie Pippen threw some shade at former teammate Michael Jordan in a new pop commercial.
The City Council in Aurora, Illinois, is likely to lay down the hammer on data centers.
Hundreds of workers were locked out of the BP refinery in Whiting, Indiana, on Thursday after contract negotiations failed to produce a deal ahead of a midnight deadline.
Chicago-native John Mulaney announced a new stop at the Wisconsin State Fair this summer.
Following a ribbon-cutting attended by Chicago Mayor Brandon Johnson on Saturday, people were let inside the new space, at 5035 N. Broadway right off Argyle Street, for a special open house.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
ABC has canceled its already filmed season of "The Bachelorette" starring Taylor Frankie Paul after video surfaced of a 2023 incident in which she was charged with assault.
Acclaimed Chicago bar and music venue The Hideout has been sold to a performer and former employee, but the owners said it will carry on as the same beloved place that visitors have always known.
Colbert, a well-known superfan of author J.R.R. Tolkien, said he's getting advice from his son, who's a screenwriter.
Chief Meteorologist Albert Ramon said the main threat will be damaging wind gusts and hail.
Alpha Schools, a private school that teaches students entirely using artificial intelligence programs, is now enrolling for classes in Chicago this fall.
According to the village, said that hospital officials are working with 70 patients in their care to determine if they will be discharged or taken to another hospital by Friday evening.
About 100 people gathered to remember the lives of three family members who were shot and killed early Monday morning, and four family members killed in a house fire on Chalet Court.
A grandfather and his three grandchildren died in an overnight house fire in Crete, Illinois.
According to the Village of Oak Park, the move comes after a reported financial issue stemming from the hospital's medical records billing system.
Would you send your child to a private school with no teachers and learning driven by AI? And would you pay to do so?
Mourners gathered to remember the lives of four family members killed in a shooting on Norway Trail and a house fire on Chalet Court this week.
Joel Embiid scored 35 points in his return to the lineup from injury, Paul George had 28 points in his first game since serving a 25-game suspension, and the 76ers rolled to a 157-137 victory over the Bulls.
Homeowners in Berwyn said they are constantly having to pump out sewage to keep it from flooding their basements.
CBS News Chicago learned that she was hired at the school in Mundelein in 2023, which was after DCFS found credible evidence that Servant had injured her children as a form of discipline.
United Steel Workers union representatives said that some workers had already had their access cards deactivated.
Have you ever walked into a business with no employees? You may soon; autonomous businesses are becoming more popular.
Streets were left pooled with rainwater, and homes flooded after Sunday night's storms. Residents say there is one clear solution
Berube, who helped UConn win its first NCAA championship in 1995 under Hall of Fame coach Geno Auriemma, led Princeton to a 147-29 record and five NCAA Tournament appearances in six seasons.
Joel Embiid scored 35 points in his return to the lineup from injury, Paul George had 28 points in his first game since serving a 25-game suspension, and the 76ers rolled to a 157-137 victory over the Bulls.
The Chicago Cubs have released their 26-man roster for this season as they prepare for Opening Day at Wrigley Field against the Washington Nationals Thursday.
Pete Crow-Armstrong has agreed to a $115 million, six-year contract with the Chicago Cubs, establishing the All-Star center fielder as one of the franchise's core players.
The Chicago Blackhawks defeated the New York Islanders 4-3 on Tuesday night.
A 17-year-old boy has been charged with sexually assaulting an even younger teenage girl in Chicago's Ravenswood Manor neighborhood last fall.
A woman was sexually assaulted at Northeastern Illinois University on Chicago's Northwest Side over the weekend, police said.
A 67-year-old man was killed Tuesday afternoon in a shooting on Chicago's Near West Side.
Burglars crashed into the renowned Golden Apple Grille and Breakfast House in Chicago's Lakeview neighborhood early Monday morning, while the 24-hour restaurant was open.
A man was detained until trial Monday on charges in the death of a Chicago firefighter who died fighting a blaze in the city's Rogers Park neighborhood.
