Surging U.S. gas prices could erase bigger tax refunds, analysis finds
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.
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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.
Energy markets remain volatile as President Trump threatens Iran with an invasion to seize its oil while also suggesting a deal could soon end the war.
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 price of ammonia and urea, two fertilizer ingredients seeing disruptions, are up around 20% and 50%, respectively, since the start of the Iran war.
U.S. Central Command said Saturday that more than 11,000 targets have been struck since Operation Epic Fury began on Feb. 28.
President Trump has extended a pause on striking Iranian energy infrastructure until April 6.
White House press secretary Karoline Leavitt says talks with Tehran are ongoing hours after Iran's state media said the regime rejected Trump administration proposals.
President Trump suggested late Wednesday he's avoiding describing the military conflict with Iran as a "war" because of concerns around the fact that Congress hasn't authorized military force.
A shadowy group claiming antisemitic attacks in Europe amid the Iran war tells CBS News it will target "U.S. and Israeli interests worldwide."
President Trump said several members of his administration were involved in talks with Iran about the ongoing war.
As Iran threatens to mine the entire Persian Gulf, President Trump said his deadline for the Strait of Hormuz to reopen is postponed amid negotiations with Tehran.
The president threatened to "obliterate" Iranian power plants if Iran didn't reopen the Strait of Hormuz by late Monday night Eastern Daylight Time.
Most Republicans, especially MAGA, continue to support the US action and express a lot of confidence in Trump personally.
Wasserman Schultz pushed back against the suggestion that the United States was led into this war by Israel and its leader, Benjamin Netanyahu.
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."
Defense Secretary Pete Hegseth said the U.S. has struck more than 7,000 targets across Iran since the war began.
Satellite companies restrict access to images of the Middle East as the Iran war rages, with one citing concern data could be exploited "by adversarial actors."
Trump says the U.S. will destroy a vast Iranian gas field if Tehran retaliates for an Israeli strike on the facility by attacking Qatar's infrastructure.
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.
The Iran war could escalate further as President Trump threatens to hit key oil infrastructure if Tehran doesn't drop its chokehold on the Strait of Hormuz.
Some economists think the Fed, facing inflationary pressures from rising energy prices, may not cut interest rates at all this year.
Ukrainian President Volodymyr Zelenskyy says he is ready for the next trilateral peace talks with the U.S. and Russia, but the meeting depends on Washington and Moscow.
Since the start of the Iran war, 13 American service members have been killed.
Suspected Iranian cyber and drone attacks are already impacting U.S. tech companies, and Iran says a list of American firms are now on its target list.
Iran's relentless attacks on Gulf states and infrastructure appear to be overshadowing interventions by the U.S. and its allies aimed at easing energy prices.
