Prolonged Strait of Hormuz closure would cause oil prices to surge, experts warn
The Iran war is renewing concerns about the strategically vital Strait of Hormuz. A prolonged closure could sharply drive up oil prices, experts said.
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The Iran war is renewing concerns about the strategically vital Strait of Hormuz. A prolonged closure could sharply drive up oil prices, experts said.
The U.S. average gas price has jumped 48 cents since last week, with experts predicting that higher fuel costs could persist for months.
Surging global oil prices due to the Iran war are leading to a spike in gasoline costs for U.S. motorists.
Stocks recovered on Monday after tumbling earlier in the day over concerns that the U.S.-Israel attacks on Iran could drive up energy costs.
A Canadian airline suspends flights to Cuba as U.S sanctions and Trump's tariff threats force Havana to warn carriers there's no way to refuel on the island.
The U.S. has seized seven Venezuelan-linked oil tankers since Dec. 10, 2025.
The Trump administration has not yet disclosed many details about the deal.
President Trump has said Venezuela "unilaterally seized and sold American oil." But the history between the countries is far more complicated, experts note.
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.
The Trump administration is proposing to auction offshore oil drilling leases across new portions of the U.S. coast as soon as 2026, according to internal documents viewed by CBS News.
CBS News looked at the cost of producing coal, gas, nuclear, wind and solar energy to determine which is the cheapest.
The first commercial carbon storage facility has been inaugurated off Norway's coast, but is storing CO2 deep under the seabed really the answer?
BP's stock price rose while Shell shares slid on news that the companies are in early talks over a potential merger.
Global crude prices jumped on Sunday but have since retreated. Here's what experts say about the outlook for oil and gas.
As U.S. strikes on Iranian nuclear facilities drive fears of retaliation, it remains to be seen whether Iran will try to block oil trade via the Strait of Hormuz.
Shortening permitting procedures for mining and oil drilling could adversely affect the environment, communities and endangered species, experts say.
Vice President Kamala Harris hasn't yet rolled out her climate policy, but the Democratic Party platform released this week devotes seven pages to the topic.
The federal government announced a $241.5 million settlement with Marathon Oil on Thursday for alleged air quality violations.
Ukraine claims to have destroyed almost 1 million cubic feet of fuel in a drone strike on Russian state-owned oil depots.
Chevron's purchase of Hess for $53 billion is the second energy industry megadeal this month amid a surge in oil prices.
"Climate change is here. It is terrifying. And it is just the beginning," U.N. Secretary-General Antonio Guterres said.
PM Giorgia Meloni's far-right government tried and failed to block EU plans to ban all new fossil fuel-powered cars by 2035, but it's not giving up the fight entirely.
Climate change initiatives by universities sometimes mask their financial ties to Big Oil. Students are demanding change.
The cause of the fire remains unknown.
Rep. Ted Lieu of California said if the announcement this week is what's expected, "it could be a game changer for the world."
Thornton Ready has been designed to help warn locals sooner about situations such as wildfires and other disasters.
For residents of Denver, there's a fine balance between keeping trees and plants alive through the dry winter conditions this year.
Congressman Evans shared Secretary Wright's sentiments about calling on state and federal lawmakers to roll back regulations, which they say would lower consumer prices and increase production.
Investigators are trying to determine what caused a deadly vehicle explosion at a popular hiking trailhead in Summit County.
A man suspected of murdering three people in Aurora and Denver last year is now under investigation for another murder that took place in 2022.
Thornton Ready has been designed to help warn locals sooner about situations such as wildfires and other disasters.
Seven American service members have been killed since the war with Iran started in February.
For residents of Denver, there's a fine balance between keeping trees and plants alive through the dry winter conditions this year.
Congressman Evans shared Secretary Wright's sentiments about calling on state and federal lawmakers to roll back regulations, which they say would lower consumer prices and increase production.
Investigators are trying to determine what caused a deadly vehicle explosion at a popular hiking trailhead in Summit County.
Thornton Ready has been designed to help warn locals sooner about situations such as wildfires and other disasters.
In Denver, a city council committee is considering changing sentencing guidelines for cases tried in municipal court.
A state program aimed at protecting the health and safety of pets is under scrutiny. The Pet Animal Care And Facilities Act licenses and inspects all pet care facilities in the state.
For residents of Denver, there's a fine balance between keeping trees and plants alive through the dry winter conditions this year.
U.S. Department of Energy Secretary Chris Wright joined Colorado Congressman Gabe Evans on Monday for an energy tour in Northern Colorado. The duo met in Weld County at an Xcel Energy power facility in Platteville.
Nathan MacKinnon scored his NHL-leading 43rd goal and scored the winning goal in a shootout, lifting the Colorado Avalanche to a 3-2 victory over the Minnesota Wild on Sunday in a matchup between two of the NHL's top four teams in points.
Iran's women's soccer team was branded "traitors" after declining to sing their national anthem at the Asian Cup in Australia, fueling fear for the women if they returned home.
Oksana Masters has competed at every Paralympics since 2012 and is the most decorated American Winter Paralympian.
A Denver-based UFC fighter will be representing Colorado in the octagon this Saturday night in Las Vegas.
The Colorado Avalanche are reportedly finalizing a deal to bring back 2021-22 Stanley Cup champion Nazem Kadri!
President Trump told CBS News the U.S. war with Iran is "very complete," and said the U.S. "could do a lot" about the Strait of Hormuz.
The U.S. average gas price has jumped 48 cents since last week, with experts predicting that higher fuel costs could persist for months.
After a sharp drop in early trading, stocks recovered part of those losses as oil prices fell back below $100.
Mojtaba Khamenei was named Iran's new supreme leader following the death of his father in the U.S.-Israeli strikes.
Live Nation, the parent company of Ticketmaster, has reached a deal with the Department of Justice as part of a high-stakes antitrust trial.
Congressman Evans shared Secretary Wright's sentiments about calling on state and federal lawmakers to roll back regulations, which they say would lower consumer prices and increase production.
Michael and Jill White testified in favor of a bill that would require law enforcement to ask every driver involved in a serious or fatal crash to take a voluntary alcohol test.
President Trump told CBS News the U.S. war with Iran is "very complete," and said the U.S. "could do a lot" about the Strait of Hormuz.
Mojtaba Khamenei was named Iran's new supreme leader following the death of his father in the U.S.-Israeli strikes.
Live Nation, the parent company of Ticketmaster, has reached a deal with the Department of Justice as part of a high-stakes antitrust trial.
Dentists, hygienists, and researchers say a shortage of rural dental care professionals and worsening oral hygiene since the COVID-19 pandemic mean more kids are ending up in the emergency room for tooth decay.
The zipper head on the recalled HALO Magic Sleepsuits poses a danger to babies, according to the U.S. Consumer Product Safety Commission.
In July, Prasad was briefly forced from his job, but was reinstated less than two weeks later.
Health officials in Colorado have identified four additional cases of measles in connection with the recent outbreak at Broomfield High School or Broomfield Heights Middle School and have expanded the list of locations for possible exposure.
A Colorado man is living a life of gratitude after strangers, without hesitation, stepped in and saved his life when he collapsed on a trail in Arapahoe County due to cardiac arrest.
Workers at the largest meat supplier in the world will strike at its Greeley plant, according to the workers' union, which said 99% of workers at the plant approved the strike over "poverty-level" wages.
The U.S. average gas price has jumped 48 cents since last week, with experts predicting that higher fuel costs could persist for months.
After a sharp drop in early trading, stocks recovered part of those losses as oil prices fell back below $100.
Live Nation, the parent company of Ticketmaster, has reached a deal with the Department of Justice as part of a high-stakes antitrust trial.
Jet fuel costs have shot up more than 50% since the U.S.-Israel attack on Iran sparked a jump in global prices.
There's harsh criticism of a Colorado police officer charged with failing to report a crash -- a crash investigators say he was partially responsible for while off-duty. Some of the strongest criticism is coming from an unexpected place.
A CBS Colorado investigation has learned the City of Denver has spent $110,000 on a 14-month investigation of Denver Police Division Chief Magen Dodge, but is refusing to release the completed investigation, which was finalized three months ago.
A Colorado family is calling for change and sharing their struggle after a clinical trial their son relied on suddenly ended.
The case of a police officer who allegedly fled after off-duty road rage incident that ended in crash on I-25 is highlighting the hiring pressures small departments in Colorado face.
A popular youth hockey coach in southern Colorado has been arrested for investigation of felony child abuse after colliding on the ice with one of his players in a case that one of the coach's supporters called a "terrifying precedent for youth sports across the country."