Markets plunge amid oil supply fear
Stock markets plunged on Monday as the price of oil hit more than $100 per barrel for the first time since July 2022. Noam Raydan, a senior fellow at the Washington Institute for Near East Policy, joins with more.
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Stock markets plunged on Monday as the price of oil hit more than $100 per barrel for the first time since July 2022. Noam Raydan, a senior fellow at the Washington Institute for Near East Policy, joins with more.
Oil prices have skyrocketed as the U.S.-Israeli war on Iran entered its 10th day on Monday. President Trump reacted on social media, saying prices "will drop rapidly when the destruction of the Iran nuclear threat is over." CBS News' Aaron Navarro has more details.
Oil prices have soared as the war against Iran continues on its 10th day, hitting $100 per barrel for the first time since July 2022. Kristin Myers, the ETF editor-in-chief for Asset TV, breaks down the economic impact. Salvatore R. Mercogliano, an adjunct professor at U.S. Merchant Marine Academy, breaks down where things stand with the Strait of Hormuz.
Gas prices continue to rise in the U.S. as fears grow about oil tanker security in the Strait of Hormuz near Iran. Salvatore R. Mercogliano, an adjunct professor at the U.S. Merchant Marine Academy, joins CBS News with more.
As gas prices rise, California is feeling pain at the pump more than any other state in the country. Andres Gutierrez in Los Angeles explains why.
Energy Secretary Chris Wright told "Face the Nation with Margaret Brennan" that he believes that oil and gas prices "shouldn't go much higher than they are here because the world is very well supplied with oil," adding that the conflict in the Middle East is "not a long-term war."
Jill Schlesinger joins "CBS Saturday Morning" to discuss how the war against Iran is impacting the price of oil and gas. She also breaks down the February jobs report.
Oil and gas prices are going up, and stock values are coming down as the war with Iran reaches nearly one week. Meanwhile, the U.S. job market lost 92,000 jobs in February, marking an unexpected setback for the economy. Kelly O'Grady has analysis.
New jobs data from February shows an unexpected setback for the labor market. CBS News MoneyWatch correspondent Kelly O'Grady explains.
The war with Iran has pushed the cost of oil to $80 a barrel. Yahoo Finance senior reporter Brooke DiPalma joins CBS News to unpack the possible repercussions.
Americans are now paying an average of $3.246 per gallon, up 26 cents since last week and the highest level since April 2025.
White House press secretary Karoline Leavitt is insisting that the U.S. economy can withstand a prolonged war against Iran, but gas prices and other economic sectors are already feeling the impact. Kristin Myers, ETF editor-in-chief for Asset TV, joins with more.
In just one week, the national average for a gallon of regular gas is up about 22 cents. Kelly O'Grady explains.
Iran's threat to set ships ablaze along the Strait of Hormuz, one of the world's busiest trade routes, is raising concerns about the implications for the global economy. Matt Smith, head U.S. analyst at the data firm Kpler, joins with analysis.
Gas prices are soaring for Americans as the Iran war rages on. The Wall Street Journal reporter David Uberti joins CBS News with more details.
Oil prices continue to climb and U.S. stock markets remain uneasy amid the war with Iran. CBS News' Kelly O'Grady has the details.
President Trump on Tuesday said he ordered political risk insurance for the financial security of all maritime trade traveling through the Gulf. CBS News' Kelly O'Grady has more.
Crude oil prices are surging due to the Iran war, pushing up prices at the pump across the U.S., according to AAA.
U.S. motorists could soon see higher prices at the pump as oil prices surge following the attacks in Iran.
American motorists could soon pay more at the pump amid spiking oil prices due to the U.S.-Israel attacks on Iran. Kelly O'Grady explains.
For the first time in history, Iranian officials say the country has closed the Strait of Hormuz following joint strikes from the U.S. and Israel. 20% of the world's oil and gas trade flows through the passage along Iran's southern border. Politico oil and gas reporter James Bikales joins to discuss the potential financial repercussions.
The U.S.-Israeli military strikes on Iran and counterattacks from the Iranian government threaten to destabilize economies across the world. CBS News national security contributor Sam Vinograd and "CBS Saturday Morning" co-host Kelly O'Grady speak about the security and economic impacts.
Iran is attempting to shut down the global flow of oil with its threats to close the Strait of Hormuz, which is the only waterway connecting the Persian Gulf to the Gulf of Oman. CBS News MoneyWatch correspondent Kelly O'Grady has more.
President Trump is in Texas ahead of the state's midterm primary day on Tuesday. CBS News senior White House and political correspondent Ed O'Keefe has more from Corpus Christi.
Energy Secretary Chris Wright visited Texas and boasted about eased costs at the gas pump under the Trump administration, although he conceded prices are high amid uncertainty on Iran. CBS News' Ed O'Keefe spoke to Wright at a Corpus Christi gas station.