Global oil prices hit $100 a barrel amid attacks in Red Sea
The last time global oil prices settled above $100 was on May 22, data from FactSet shows.
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The last time global oil prices settled above $100 was on May 22, data from FactSet shows.
As the U.S. restarts its Iran blockade and carries out more strikes, President Trump has called off a planned 20% fee on shipping through the Strait of Hormuz.
The U.S. began a second night of strikes Wednesday and Iran responded in kind after President Trump declared earlier in the day that the ceasefire was "over."
With peace talks on hold, the U.S. said it launched a "series of powerful strikes" on Iran in response to Iranian attacks on three commercial vessels in the Strait of Hormuz.
Trump has appeared during the Iran war to lose patience with Israeli Prime Minister Benjamin Netanyahu, who may now find himself "stuck."
President Trump warned he could order new strikes if Iran's leaders "don't behave." The U.S. and Iran signed the memo of understanding remotely, a White House official said.
Iran and Israel declare a halt to fighting as President Trump says both are seeking an "immediate ceasefire" after a major escalation in the 101-day war.
Israel and Iran were firing missiles at each other Monday, endangering the shaky truce that's been in place as well as talks on a deal to end the fighting.
Israel and Lebanon agreed Wednesday to renew their fragile ceasefire and create a number of "pilot" security zones inside Lebanon where Hezbollah would be banned.
The vice president says the U.S. and Iran are "very close" to a deal, but are "not there yet." Meanwhile, the U.S. struck Iran, which retaliated against a U.S. base.
President Trump says he scrapped a planned attack on Iran at the request of Gulf allies as "serious negotiations" on a peace deal are underway.
Iran launched attacks on the UAE and tankers in the Strait of Hormuz while the U.S. destroyed Iranian boats "that attempted to interfere" with Project Freedom.
With a two-week ceasefire set to expire and Iran balking at the resumption of peace talks, President Trump said he would be extending the deadline to allow for Iran to "come up with a unified proposal."
Iran balked at President Trump's demands for a peace deal amid a standoff over the Strait of Hormuz, as fear the war could reignite hits oil and energy markets.
The leaders of Lebanon and Israel agreed to start a 10-day truce at 5 p.m. Eastern Time Thursday.
President Trump announced that the U.S. and Iran had agreed to a two-week ceasefire that was contingent on the reopening of the Strait of Hormuz.
Pope Leo XIV said Tuesday that President Trump's warning that a "whole civilization will die" if Iran does not meet his deadline to open the Strait of Hormuz was "truly unacceptable."
It's unclear if the talks would be direct or indirect, and Washington and Tehran aren't commenting. This, as Iran warns the U.S. not to start ground operations.
The president threatened to "obliterate" Iranian power plants if Iran didn't reopen the Strait of Hormuz by late Monday night Eastern Daylight Time.
As Iran retaliates for an Israeli strike on the South Pars gas field, one analyst warns the war is "now hitting the plumbing of the global energy system."
Israel says it killed Iran's top security official Ali Larijani, as America's European allies reject President Trump's demands for help in the Strait of Hormuz.
During a prayer at the Vatican on Sunday, the pontiff said people in the region have been suffering the horrific consequences of war.
CBS News journalists offer international perspectives from leaders and citizens in a number of countries as the Iran war nears the two-week mark.
President Trump says he'll end the war soon, when he wants to, as Iran hits ships in and near the Strait of Hormuz and warns U.S.-linked banks will be next.
President Trump says the Iran war will end "very soon," but Tehran says it's "prepared to continue attacking" indefinitely, and it won't let oil leave the Gulf.
Lewandowski, who made the move from FC Barcelona in a two-year deal with Chicago, equalized in the 20th minute off a screamer from outside the box that tied the game at 1.
The Chicago Cubs evened their series with the New York Yankees with a 5-2 win on Saturday night.
Only two baserunners advanced past first base for Chicago, which had its three-game winning streak halted.
Several people were killed in a shooting Saturday afternoon at an In-N-Out restaurant in Twin Falls, Idaho, local authorities said.
It was part of ICNA Relief Chicago's annual giveaway.
The U.S. and Israel plan to hit Iran's energy infrastructure as soon as this weekend, although no final decision has been made, sources familiar with the matter told CBS News.
Gov. JB Pritzker signed sweeping regulations Friday aimed at social media companies and cracking down on "addictive algorithms" that keep kids glued to their screens.
A judge sided with the Wisconsin Elections Commission Wednesday, ruling that state law does not allow absentee voters to change their ballot after it has been returned — a setback for Democrats amid a scrambled governor's primary field.
Barnes withdrew from the Democratic primary less than two weeks before the Aug. 11 election, on the same day a newspaper reported it had asked him about allegations of inappropriate behavior reviewed by the state party.
For years, Deborah Witzburg sounded the loudest alarm when uncovering hundreds of cases of corruption and fraud inside Chicago city government.
The Trump administration is taking aim at power grid operator PJM Interconnection over rising electricity bills that affect Illinois and Indiana residents.
Chicago remained the most bed bug-treated city in the country, according to Orkin's latest annual rankings covering a full year of residential and commercial treatment data.
Illinois Attorney General Kwame Raoul this week warned residents cleaning up from last month's storms to be on the lookout for scams.
Illinois Gov. JB Pritzker on Thursday signed several new consumer protections into law, including a ban on junk fees.
CBS News Chicago has learned that Illinois home insurance premiums are not only higher than the nation's average, but going up faster too.
East Chicago, Indiana is being placed on a precautionary boil water advisory starting Monday morning for planned installations that could affect water safety.
A new Northwestern Medicine study on long COVID shows women show more neurological symptoms than men.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Chicago just barely made the top 20 in the American College of Sports Medicine's 2026 ranking of the country's fittest cities.
In a major turnaround in the opioid crisis, overdose deaths are falling across Chicago and Cook County.
A Wisconsin appeals court reversed a lower court ruling that had declared Act 10 unconstitutional, keeping the 2011 law limiting public workers' collective bargaining rights in place as unions prepare to appeal to the state Supreme Court.
The changing developments at 1800 N. Clybourn Ave. represent a microcosm of 40 years of changing development priorities on the Clybourn Corridor as a whole, and in Chicago and beyond.
The food deserts on Chicago's South and West sides could spread even wider if seven Save A Lot grocery stores close.
Illinois American Water and Aqua Illinois are both seeking rate increases that would raise monthly bills by as much as $28, while their parent companies seek regulatory approval to merge — a deal a consumer watchdog says would give one company control of nearly all regulated water customers in the state.
The Federal Trade Commission and attorneys general from several states secured a right-to-repair settlement Wednesday with agriculture equipment giant Deere & Co. — commonly known as John Deere — that requires the company to let farmers and independent shops fix their own equipment.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
If weather forces an evacuation, shelter sites are located at Grant Park North, Grant Park South, and Millennium Lakeside Garages, accessible through the vehicle entrance on Michigan Avenue.
Grant Park was filled with tens of thousands of people Thursday for the start of Lollapalooza, as warm weather greeted festivalgoers on day one of the four-day music festival.
Academy Award-winning Irish singer-songwriter Glen Hansard has died in a motorcycle crash.
Actor William Shatner and his daughter, Melanie Shatner Gretsch, recall how they helped each other as they fought Stage 4 cancer side by side.
Check out the babies wearing shark-themed outfits. The hospital's nurses and care teams coordinate photo shoots like this to celebrate patient milestones.
A video of the meeting posted on social media shows the two Chicago natives sitting across from each other at the Pope's desk. The two chatted for about 40 minutes.
Meteorologist Kylee Miller has the latest in First Alert Weather.
It was initially sent from a woman in Tampa, who wanted to gift the winnings to a relative in South Florida.
In a news conference Saturday night, Twin Falls Police Chief Matthew Hicks told reporters that there were fatalities, but he could not confirm an exact number.
The festival was delayed until 3 p.m. due to "current and overnight heavy rains," according to the Lollapalooza website.
A boy was found safe after a car was stolen on Chicago's West Side.
Several people were killed in a shooting Saturday afternoon at an In-N-Out restaurant in Twin Falls, Idaho, local authorities said.
It was part of ICNA Relief Chicago's annual giveaway.
The body of a man who went missing along Des Plaines River in Libertyville, Illinois, has been recovered.
A clean energy initiative on the South Side of Chicago is increasing access to solar energy and electric vehicle charging stations, and community members say it's making a difference.
A glitch in the Illinois Tollway system earlier this month left about 100,000 drivers with unexpected warnings about unpaid tolls, some dating back about a year.
Chicago's Office of Emergency Management, which oversees roughly 200 traffic aides, says two were seriously injured by drivers this summer — leaving many uneasy on the job as Lollapalooza brings heavy traffic downtown.
Shavonne Worthy said she visited her mother's grave at Oakridge-Glen Oaks Cemetery in Hillside and found an empty hole where the headstone had stood for nearly 10 years — and the cemetery's new owner told her it was removed intentionally.
Earlier this month, charges were dropped in one case against Weinstein, but he still faces charges in New York and California.
Lewandowski, who made the move from FC Barcelona in a two-year deal with Chicago, equalized in the 20th minute off a screamer from outside the box that tied the game at 1.
The Chicago Cubs evened their series with the New York Yankees with a 5-2 win on Saturday night.
Only two baserunners advanced past first base for Chicago, which had its three-game winning streak halted.
An injury-riddled season forced Jaylon Johnson to miss 10 games last year.
The Sky ended its seven-game losing streak against the defending champions.
Savannah Guthrie said she and her family have been "in agony and despair ever since" her mother Nancy's disappearance in February.
A popular Little Italy neighborhood bar was the target of an early morning break-in this week. While the owners said they are upset, they are responding with some levity.
Three men accused of attacking a CBS News Chicago crew during a crime spree last month pleaded not guilty to the charges on Friday.
The Illinois Prisoner Review Board ruled Friday that Sean Grayson, convicted of second-degree murder in the 2024 killing of Sonya Massey, will remain in prison despite a medical release application citing advanced colon cancer.
Two Mundelein-area men are facing charges connected to the murder of a man who disappeared last November.
