How U.S.-Iran stalemate impacts oil prices
The U.S. and Iran remain in a stalemate as the 60-day negotiation period expires, and access to the Strait of Hormuz remains unclear. Emily Peck, a markets correspondent for Axios, joins with more.
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The U.S. and Iran remain in a stalemate as the 60-day negotiation period expires, and access to the Strait of Hormuz remains unclear. Emily Peck, a markets correspondent for Axios, joins with more.
President Trump told Axios that he is only "semi-negotiating" with Tehran. The Iranians are demanding that they be compensated for war damage to reopen the Strait of Hormuz. CBS News national security contributor Samantha Vinograd joins with analysis.
Oil prices are rising as uncertainty over the war in Iran continues, despite apparent progress in talks over the Strait of Hormuz. CBS News contributor Javier David has more.
The Trump administration says a deal to reopen the Strait of Hormuz is imminent, but it still has not been announced. CBS News correspondent Natalie Brand is at the White House with more.
CBS News business analyst Jill Schlesinger joins CBS News 24/7 to discuss the upcoming jobs report by the U.S. Bureau of Labor Statistics and the state of the economy. (Sponsored by AT&T Business)
President Trump said U.S. oil companies made "too much money" from high oil prices. "I'm not happy about it," he added.
America's biggest oil companies are reporting massive profits as the Iran war continues to disrupt global energy supplies. CBS News business contributor Javier David joins with analysis.
A recent CBS News poll shows many Americans feel Republicans and Democrats are hurting their cost of living. CBS News' Anthony Salvanto and Aaron Navarro report.
Investors reacted sharply on Wednesday to the Federal Reserve's decision to leave interest rates unchanged amid persistent inflation and spikes in energy prices. Emily Russell, commentary and policy editor at Barron's, joins with analysis.
The Federal Reserve on Wednesday left its benchmark interest rate unchanged, but the decision was not unanimous: three members voted to raise rates by a quarter of a percentage point. CBS News MoneyWatch correspondent Kelly O'Grady joins with analysis.
The Federal Reserve is widely expected to leave interest rates unchanged, but some believe inflation warrants a rate hike. CBS News' Kelly O'Grady has more.
Global oil prices are hovering around $90 per barrel as the U.S.-Iran conflict remains volatile. Meanwhile, the Federal Reserve is set to make an interest rate decision on Wednesday. Madison Mills, a senior AI reporter for Axios, joins with more.
Stock markets closed mixed on Friday as the Iran war continues to upend energy prices. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Trade routes are under escalating pressure as troubles continue in the Strait of Hormuz and Houthi rebels attack Saudi oil tankers in the Red Sea. CBS News' Courtney Kealy has more.
A major escalation in the Iran war may be coming, with President Trump telling Axios on Thursday he's considering a "massive attack." CBS News chief White House correspondent Nancy Cordes has the details.
The last time global oil prices settled above $100 was on May 22, data from FactSet shows.
President Trump will attend the dignified transfer of the remains of the service members killed in the Middle East. Speaking to reporters on the tarmac, Mr. Trump said that a poll shows that "Americans aren't against the war" with Iran.
The national average for a gallon of gas is just over $4, which is up about 17 cents from only a week ago and 91 cents higher compared to this time last year, according to AAA. It comes as tensions escalate between the U.S. and Iran. Cristian Benavides reports.
As fighting with Iran ramps up, a gallon of regular gas is once again $4 on average, up 13 cents in one week, according to AAA. Severin Borenstein, professor at UC Berkeley's Haas School of Business, joins with analysis.
AAA says the national average for a gallon of gas has jumped to $4 once again amid recent escalations in the U.S.' war with Iran, causing many Americans to struggle. Kris Van Cleave reports.
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.
Gas prices crept back up amid increased tensions between the U.S. and Iran. Joe Ciolli, the executive editor of Business Insider, joins with more.
Gas prices are on their way up again as the U.S. and Iran continue to launch strikes at each other and ship traffic in the Strait of Hormuz dries up. Lindsey Reiser has more.
Bank of America CEO Brian Moynihan told "Face the Nation with Margaret Brennan" that he has been hearing from customers that "affordability is a challenge" amid rising gas and food prices and inflation, but he added that "in the last couple months, we're seeing the wage growth of all income cohorts kind of coalesce together around 3 to 4% which is good."
Gas prices have increased again as tensions rise between the U.S. and Iran. Axios reporter Madison Mills explains how oil markets have reacted to the war.
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."
Hours after the president said he expects to hold new talks with Kim Jong Un, South Korea and Japan said several short-range missiles were launched by the North.
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The recall affects 15mL bottles of Clear Eyes' Maximum Itchy Eye Relief.
The recall affects 15mL bottles of Clear Eyes' Maximum Itchy Eye Relief.
The FTC warned businesses against changing prices based on their analysis of a customer's personal data, which could violate consumer law.
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FBI agents executed search warrants targeting former Democratic Rep. Eric Swalwell and seized his electronic devices, two sources told CBS News.
The recall affects 15mL bottles of Clear Eyes' Maximum Itchy Eye Relief.
The FTC warned businesses against changing prices based on their analysis of a customer's personal data, which could violate consumer law.
The company told CBS News it will direct the refunds toward groceries and general merchandise.
Think that back-to-school photo is safe to post online? Bad actors could use AI "nudify" apps to make it X-rated.
Recalled frozen blueberries and mixed berries that could be contaminated with E. coli pose the most severe category of health risk, according to the FDA.
Months after Congress approved billions for infrastructure across one of the least-trafficked stretches of the southern border, bulldozers arrived at Big Bend National Park, West Texas's wild crown jewel.
FBI agents executed search warrants targeting former Democratic Rep. Eric Swalwell and seized his electronic devices, two sources told CBS News.
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In a new video shared first with CBS News, Tulsi Gabbard said doctors discovered the cancer, a sacral chordoma, a rare tumor, after her husband, Abraham Williams, experienced back pain.
Min Zin is the second American academic to be designated as wrongfully detained in recent months.
CBS News medical correspondent Dr. Céline Gounder, who has had melanoma herself, said Moderna's experimental trial is "a big win for mRNA vaccines against cancer."
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Recalled frozen blueberries and mixed berries that could be contaminated with E. coli pose the most severe category of health risk, according to the FDA.
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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."
Hours after Trump said he expects to hold new talks with Kim Jong Un, South Korea and Japan said several short-range missiles were launched by the North.
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Think that back-to-school photo is safe to post online? Bad actors could use AI "nudify" apps to make it X-rated.
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
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A manhunt is underway in Massachusetts as law enforcement teams search for a woman suspected of killing her husband, who worked as a police officer. CBS News' Lilia Luciano has more on this story.
Students nationwide are grappling with a new reality -- AI-generated pornography, sometimes featuring themselves or someone they know. CBS News found more than a dozen AI "nudify" apps easily accessible in app stores, some without age restrictions. Jo Ling Kent has more.
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