Iran says it's ready for new U.S. sanctions, has 2-year plan
Iran's economy minister said the country has been preparing for a long time for the sanctions U.S. Treasury Secretary Scott Bessent described as the "greatest financial offensive" ever.
Watch CBS News
Iran's economy minister said the country has been preparing for a long time for the sanctions U.S. Treasury Secretary Scott Bessent described as the "greatest financial offensive" ever.
The new head of Iran's supreme national security council issued the warning to countries who join the U.S.'s economic war on Tehran.
Iran has shrugged off President Trump's threat to hit the Islamic Republic with an "economic D-Day" as a "doubling down on failed policies."
The 60-day deadline for the U.S. and Iran to negotiate a peace deal and reopen the Strait of Hormuz expired, with no agreement in sight.
Meanwhile, Israel is being condemned by Lebanese leaders for strikes in the south that killed at least 11 people, including children.
The USS George Washington aircraft carrier departed Vietnam last week and is headed to the Middle East to replace the USS Abraham Lincoln, according to a U.S. official.
Tehran has asserted that the Strait of Hormuz is "under Iran's control and management" after President Trump said the U.S. might "keep it."
President Trump said Wednesday that the U.S. has "total control" over the Strait of Hormuz, writing on social media: "I THINK WE WILL KEEP IT."
President Trump signaled he would be piling economic pressure on Iran as the stalemate continued and Tehran laid out new conditions to reopen the Strait of Hormuz.
The United Arab Emirates' Abu Dhabi National Oil Company said one of its ships was targeted while transiting the strait.
Iran and Oman are close to agreeing on new arrangements for the Strait of Hormuz, but not for a full reopening of the vital waterway, Iran's state news agency says.
President Trump is taking issue with recent reports of significant U.S. munitions shortages due to the war with Iran.
The secretary of state said progress has been made in the Iran-Oman talks but that no final agreement has been reached, adding, "We're hoping that will happen very shortly."
President Trump said negotiations with Iran are set to begin Monday after announcing Saturday night that he canceled a pending attack on Iran.
On Saturday, Saudi Crown Prince Mohammed bin Salman spoke with Mr. Trump and cautioned him against conducting a fresh round of strikes on Iran, CBS News learned.
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.
Investigators are probing whether Iranian hackers are behind this week's malicious cyber activity against water systems in Minnesota. If they are found to be the culprits, it would not be the first time.
A vote in the Senate to limit President Trump's war powers has narrowly failed again. Three Republicans voted in favor of it.
The central bank is widely expected to stand pat on Wednesday, but persistent inflation concerns are reshaping expectations for the rest of 2026.
U.S. households will spend roughly $4,000 per student on school supplies and lunches this year, a new analysis found.
Iran launched multiple ballistic missiles at U.S. forces in the Middle East in what U.S. Central Command described as an "attempted surprise attack" on Tuesday.
President Trump met with Ukrainian President Volodymyr Zelenskyy and Israeli Prime Minister Benjamin Netanyahu Tuesday.
Talks between Oman and Iran on reopening the Strait of Hormuz and their respective territorial waterways have made progress, two sources told CBS News.
Ukrainian President Volodymyr Zelenskyy's accusations of Russia helping Iran target U.S. troops are not the first.
The U.S. moves more refueling planes to the Mideast and adds medics at a major military hospital as the war with Iran spreads to another key waterway.