Strait of Hormuz optimism drives markets higher
The announcements from President Trump and Iran that the Strait of Hormuz is open sent oil prices plunging and stocks soaring on Friday. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Watch CBS News
The announcements from President Trump and Iran that the Strait of Hormuz is open sent oil prices plunging and stocks soaring on Friday. CBS News MoneyWatch correspondent Kelly O'Grady has more.
After weeks of enduring high gas prices, drivers appear to be seeing some relief at the pump. Patrick De Haan, the head of petroleum analysis for GasBuddy, joins "The Daily Report" with more.
President Trump on Wednesday said the war with Iran could be over soon, repeating a refrain he's made several times in the past few weeks. CBS News chief White House correspondent Nancy Cordes has the latest.
President Trump's naval blockade of Iranian ports in the Strait of Hormuz is further raising tensions with Iran's regime. Ian Bremmer, president and founder of the Eurasia Group, joins with analysis.
The U.S. military is officially blocking off Iranian ports in the Strait of Hormuz after a 21-hour marathon negotiation in Pakistan over the weekend failed to result in a peace deal. CBS News' Eleanor Watson and Fin Gómez have the latest.
The U.S. Navy is now monitoring traffic in the Strait of Hormuz in a bid to deprive Iran of revenue and drive it back to the negotiating table. CBS News national security analyst Aaron MacLean examines the strategy behind the blockade. Then, former U.S. Ambassador to China Nicholas Burns joins with analysis.
New CBS News polling finds many Americans are worried about the Iran war and are skeptical that the U.S. is meeting its goals. CBS News executive director of elections and surveys Anthony Salvanto breaks down the findings.
President Trump says the U.S. military blockade of Iran's ports and the partial blockade of the Strait of Hormuz are underway. Dr. Sumantra Maitra, fellow at the Royal Historical Society, joins CBS News with analysis.
Neil Irwin, chief economic correspondent at Axios, joins CBS News 24/7 to break down the jump in oil prices after President Trump announced the U.S. would blockade Iranian ports in the Strait of Hormuz.
A recent CBS News poll shows Americans are reacting negatively to the U.S. economy and how President Trump is handling certain key issues. Political strategists Hyma Moore and Kevin Sheridan join CBS News with their take on the data.
Iranian parliament speaker Mohammad Bagher Qalibaf said Americans would soon be "nostalgic for $4-$5 gas" after President Trump announced a blockade of the Strait of Hormuz on Sunday. Taurean Small reports on the pain at the pump currently being felt across the United States.
Gas prices put pressure on pocketbooks — and President Trump's ratings — as Iran war continues.
U.S. inflation surged in March, with the Consumer Price Index rising at a 3.3% annual rate due to the Iran war's impact on global energy costs.
Farmers across America are grappling with soaring fuel prices as the war in Iran impacts energy costs. CBS News' Lana Zak reports.
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
Gas prices in the U.S. continued to edge up on Wednesday even as oil prices fell. Here's how long it could take for fuel costs to recede.
Oil prices are rising again after a brief drop following news of a U.S.-Iran ceasefire. CBS News' Jill Schlesinger has some advice for those watching the markets.
Despite the ceasefire with Iran, gas prices in the U.S. remain high. The national average is $4.17 per gallon, according to AAA. Kelly O'Grady explains what to expect.
President Trump announced a two-week ceasefire in Iran on Tuesday evening, delaying a large-scale bombing campaign. CBS News' Aaron MacLean, Courtney Kealy, and Dallas Morning News business editor Javier David join with analysis.
A new analysis from JPMorgan says gas prices could hit $5 per gallon as soon as this month if the Strait of Hormuz stays closed. Former Trump economic adviser Stephen Moore joins "The Takeout" to discuss.
Voters in Georgia's 14th Congressional District are deciding Tuesday who will replace former Rep. Marjorie Taylor Greene, Republican Clay Fuller or Democrat Shawn Harris. CBS News national correspondent Skyler Henry reports.
Gas prices in the U.S. could near a record high later this month if the Strait of Hormuz remains sealed, energy industry experts warn.
Shipping companies would take at least two months to resume operations in the Persian Gulf following a ceasefire in the region, according to the Eurasia Group.
California gas prices are the nation's highest. The candidates in the 2026 governor's race weighed in on the role of state policy, global supply risks, refinery closures, and how each would address rising gas prices.
The new vehicles on display at this year's New York International Auto Show have arrived just as gas prices are accelerating to new highs. Bradley Blackburn talked to carmakers at the convention about how those high fuel costs could change what people buy.