After airport strike, Trump considering whether to join fight against Houthis
Following the latest strike Saturday on Riyadh's King Khalid International Airport, President Trump said the U.S. "may" join the fight against the Iran-backed Houthis.
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Following the latest strike Saturday on Riyadh's King Khalid International Airport, President Trump said the U.S. "may" join the fight against the Iran-backed Houthis.
Crude oil prices had shot up on Thursday after reports President Trump was considering more strikes. They immediately dropped again after his new announcement.
As Iran responds to Trump's threat of annihilation with its own warning of a possible "new front" in the war, global oil prices are rising again.
The alerts did not cite a specific threat, but called for Americans to "exercise heightened vigilance."
The Iran war and Russia-Ukraine conflict are knocking out global refining capacity, pushing fuel prices higher, analysts said.
The price of diesel has soared more than 60% over the last year, a surge energy experts say is likely to continue. Here's why.
Higher gas and diesel prices have cost Americans an additional $100 billion since the Iran war began, according to a Brown University tracker.
Iran on Sunday threatened a "more painful" response to U.S. strikes on three Iranian oil tankers.
Diesel hit a record of $5.85 a gallon Friday, eclipsing its prior mark of $5.81, set in June 2022.
As the war with Iran continues, CBS News is tracking gas and oil prices. Find out how much more it costs to fill up your tank or heat your house.
As the war passes the six-month mark, neither side showed any sign of backing down.
President Trump announced a deal to grant the U.S. control of more than 60 billion barrels of proven Venezuelan oil reserves.
President Trump has accused oil companies like Chevron and ExxonMobil of "making too much money." He owns shares of both.
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.
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 national average for a gallon of gas reached $4.003 on Monday, the first time in over a month it has crossed that threshold, AAA data shows.
Two U.S. service members were killed earlier in Jordan and a third was missing in action, the U.S. Central Command said.
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.
Prices at the pump sank following a June ceasefire. But renewed conflict in the Middle East and other factors are driving fuel costs back up.
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 latest data shows it's at 331.2 million barrels of oil.
The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.
