Vance says war in "new phase" of economic pressure as Iran dismisses Trump threat
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."
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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.
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.
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.
A vote in the Senate to limit President Trump's war powers has narrowly failed again. Three Republicans voted in favor of it.
U.S. households will spend roughly $4,000 per student on school supplies and lunches this year, a new analysis found.
Crude prices dropped as the U.S. Ambassador to the UN said suspension of attacks is aimed at finding a diplomatic solution.
Talks between Oman and Iran on reopening the Strait of Hormuz and their respective territorial waterways have made progress, two sources told CBS News.
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.
Iran said it would attack "all infrastructure in the region" if President Trump follows through on his threats to attack Iranian civilian infrastructure.
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.
Industry insiders say "there is no legal basis" for Trump to impose a 20% fee on cargo transiting the Strait of Hormuz, something he now says he's decided not to do.
As the agriculture industry in Louisiana contends with major energy cost hikes brought on by the Iran war, some farmers are unsure if their businesses will survive.
Lower jet fuel costs spell relief for airlines. But that doesn't mean they'll pass savings onto customers by lowering airfares, experts said.
The Freedom Fuel Network is offering gasoline for more than 30 cents a gallon below the national average.
The expansion is expected to provide 370 connecting opportunities for travelers passing through the airport.
Oil prices jumped 6% while U.S. stocks fell as renewed Middle East conflict threatens crude shipments through the Strait of Hormuz.
The U.S. is "going to win one way or the other," President Trump said Monday, as Iran held a colossal public funeral for its slain supreme leader.
Antitrust regulators suggested that state attorneys general could assist in investigating unlawful conduct by companies.
Vance says the U.S. has accomplished its "core mission" in Iran, as Steve Witkoff and Jared Kushner meet mediators in Qatar, but not Iranians.
