Iran war disrupts global oil trade as Trump administration prepares to escort ships
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.
Donald Trump
Strait of Hormuz's impact on oil prices
Ship traffic in the Strait of Hormuz was mostly stopped amid the war in Iran on Thursday, which contributed to rising oil prices. The waterway typically carries around 20% of the world's supply of oil. On Wednesday, President Trump ordered the release of 172 million barrels of oil from emergency reserves. In a statement attributed to Iran's new Supreme Leader, Ayatollah Mojtaba Khamenei, he said Iran should keep putting pressure on the critical chokepoint.
3/12: The Takeout with Major Garrett
Police investigating attacks at Old Dominion University and Michigan synagogue; Iran's new supreme leader releases first statement.
Lawmakers on high gas prices amid Iran war
The average cost of gas in the U.S. is up nearly 50 cents in a week as the U.S.-Israeli war with Iran rages on. Here's what some lawmakers are saying about the spike in prices.
Evaluating Trump's Iran war messaging
The Trump administration is facing bipartisan criticism over how it's communicating its goals in the war with Iran. Former Democratic Rep. Joe Cunningham of South Carolina and Republican strategist Mark Bednar join with analysis.
Rep. Rick Crawford on Iran's new leader, more
Treasury Secretary Scott Bessent said Thursday that the U.S. will escort ships through the Strait of Hormuz as Iran ramps up attacks on the crucial shipping channel. Republican Rep. Rick Crawford of Arkansas, chair of the House Intelligence Committee, joins "The Takeout" to discuss the state of the war.
Warren breaks down newly-passed housing bill
The Senate on Thursday overwhelmingly passed a bill aimed at lowering housing costs. Democratic Sen. Elizabeth Warren of Massachusetts joins "The Takeout" to break down the legislation.
Iranian oil exports up about 30% month over month
CBS News has learned that despite the U.S.-Israeli war, for the first nine days of March, Iran exported about 30% more oil than in the first nine days of February. Matt Gutman has more.
How Pentagon-Anthropic AI dispute escalated
The Trump administration has blacklisted AI giant Anthropic, labeling it a supply chain risk. The company has sued in response. New York Times tech reporter Sheera Frenkel joins CBS News to break down the feud.
Trump: Michigan synagogue attack "terrible thing"
President Trump addressed the attack at a Michigan synagogue on Thursday, calling the incident "a terrible thing" and saying he was sending his love to the community.
FBI closes 2020 election fraud inquiry demanded by NV's top federal prosecutor
The FBI found only 38 non-citizens may have voted in the 2020 presidential election in the inquiry ordered by Sigal Chattah, Nevada's top federal prosecutor.
Details on Mojtaba Khamenei's first statement
Iran's new supreme leader, Ayatollah Mojtaba Khamenei, released his first public statement through Iranian state media on Thursday. CBS News' Anna Schecter, Aaron Navarro and Charlie D'Agata have the latest on the statement and the war in Iran.
Trump tries to calm concerns over gas prices
President Trump is addressing concerns among investors and Americans over the rising prices of oil and gas. This comes as Iran's new supreme leader, Mojtaba Khamenei, issues his first public statement since taking over the regime. CBS News' Weijia Jiang reports.
Iran shares first statement attributed to its new supreme leader
Iranian state media say the country's new Supreme Leader Mojtaba Khamenei, in his first public statement, has called for the Strait of Hormuz to remain shut.
Iran war complicates Trump's economic message
Rising gas prices and concerns about the war in Iran are complicating President Trump's economic message as he rallies Americans ahead of the 2026 midterm elections. CBS News' Weijia Jiang reports.
Trump touts economic agenda and Iran war
President Trump on Wednesday made stops in Ohio and Kentucky to promote his economic agenda ahead of this year's midterm elections. He also addressed the Iran war and rising gas prices. The cost of oil has already had an impact on some businesses. Weijia Jiang reports.
Trump pressures Congress on elections bill
Senate Majority Leader John Thune says he is being realistic about the SAVE America Act's probability of passing through the upper chamber despite President Trump doubling down on the controversial legislation. CBS News' Taurean Small reports.
Trump vows to end war "soon" as Iran hits ships and threatens banks
President Trump says he'll end the war soon, when he wants to, as Iran hits ships in and near the Strait of Hormuz and warns U.S.-linked banks will be next.
3/11: The Takeout with Major Garrett
Trump says there's "practically nothing left" to target on Day 12 of war in Iran; legislative blockade threatened over SAVE Act.
Trump says higher oil prices are "a matter of war"
President Trump is working to quell fears about the war with Iran might affect the economy, predicting that increased oil prices will soon be coming down. Nancy Cordes has details.
National security analyst on Strait of Hormuz
Iran is amplifying pressure on the Strait of Hormuz, the key choke point in the Middle East where 20% of the world's oil passes through. CBS News national security analyst Aaron MacLean has more.
DNC sues Trump over election plans
The Democratic National Committee is suing the Trump administration for answers about whether officials plan to send federal agents and troops to polling places and election sites. CBS News justice correspondent Scott MacFarlane reports.
How the SAVE Act could impact elections
President Trump said he won't sign any bill that reaches his desk until Congress passes the SAVE America Act. The president says the legislation is critical for Republicans to win November's midterm elections. CBS News election law expert and contributor David Becker has more.
Trump threatens legislative blockade over SAVE Act
President Trump's obsession with the 2020 election, which he repeatedly and falsely claims was stolen, may stall legislation this year and inject uncertainty into the midterms. CBS News justice correspondent Scott MacFarlane reports.
Expert: Strait of Hormuz "nightmare scenario"
The Strait of Hormuz sees roughly 20% of the world's oil flow through it, and tankers are stalled on both sides of the narrow chokepoint amid suspected Iranian drone attacks, rattling oil markets. Mike Sommers, president and CEO of the American Petroleum Institute, joins "The Takeout" with analysis.
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