Gas prices get worse as Iran war lingers on
The Iran war has reached the 60-day mark, as data shows gas prices setting a concerning record. CBS News' Natalie Brand and Kelly O'Grady report.
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The Iran war has reached the 60-day mark, as data shows gas prices setting a concerning record. CBS News' Natalie Brand and Kelly O'Grady report.
President Trump is promising that gas prices will drop as the U.S. seeks a resolution in the Iran war. CBS News' Nancy Cordes reports.
The Trump administration has reached the 60-day mark since the Iran war erupted, which means historically Congress should weigh in on the conflict. CBS News' Olivia Rinaldi and Ramy Inocencio report.
Oil prices hit a 4-year high as Axios reports Trump will hear new options to try to break the Strait of Hormuz standoff with Iran with a new wave of attacks.
Defense Secretary Pete Hegseth testified before the Senate Armed Services Committee on Thursday, facing intense questioning from Democrats on the Pentagon budget, the war with Iran and more. These are some of the most notable exchanges from the hearing.
President Trump said again on Thursday that oil and gas prices will drop after the war with Iran is over. But for now, they are back to levels last seen around the start of the war in Ukraine during the Biden administration. Jo Ling Kent reports from Los Angeles.
A Pentagon official publicly placed the Department of Defense's cost for Operation Epic Fury at $25 billion.
U.S. officials told CBS News that the estimated price tag delivered to lawmakers on Wednesday is only about half the true cost of $50 billion. Ed O'Keefe has more.
The true cost of the war with Iran is closer to $50 billion, not $25 billion, according to U.S. officials familiar with internal assessments. CBS News' Ramy Inocencio and Zak Hudak have more.
The ceasefire with Iran is holding, but negotiations are stalled. The ripple effects: tight energy supplies, price spikes and recession risks. Edward Fishman, former Russian and Europe sanctions lead at the State Department, joins with analysis.
Democratic Sen. Gary Peters told Defense Secretary Pete Hegseth the U.S. needs to reopen the Strait of Hormuz. "We're not going to bring this war to an end until we seize control of the Strait in a way that opens it back up," Peters said. Hegseth responded by pointing to the U.S. blockade of Iranian ports.
American drivers are paying $1.32 more per gallon than they did before the Iran war. Hopes of a quick end continue to fade as U.S. and Iranian leaders remain defiant. CBS News political reporter Zak Hudak has more on what could come next.
Pam Bondi is set to testify late May on the Justice Department's handling of the Jeffrey Epstein files in a closed-door deposition before the House Oversight Committee. Democratic Rep. James Walkinshaw of Virginia joins "The Takeout" to discuss what he wants to hear from the former attorney general.
Trump signs bill funding Department of Homeland Security, ending 76-day shutdown; Louisiana postpones House primaries after Supreme Court ruling.
Oil surged overnight Wednesday into Thursday to $126 a barrel, before eventually falling. CBS News MoneyWatch correspondent Kelly O'Grady reports.
President Trump took questions from reporters at the Oval Office on Thursday after signing an executive order on retirement planning. CBS News senior White House and political correspondent Ed O'Keefe joins following the president's remarks.
Democratic Sen. Mark Kelly criticized Defense Secretary Pete Hegseth for his answers to questions during a hearing before the Senate Armed Services Committee.
Democratic Sen. Elizabeth Warren of Massachusetts pressed Defense Secretary Pete Hegseth about regulations in the Pentagon on dealing with insider trading with developments on the Iran war on prediction markets. Hegseth largely sidestepped the question, saying the department is "focused on our mission on executing for the American people."
GOP Sen. Joni Ernst of Iowa criticized Defense Secretary Pete Hegseth for his decision to fire Army Chief of Staff Randy A. George. Hegseth appeared before a Senate committee to discuss the Pentagon's 2027 budget request.
Iran's Ayatollah Mojtaba Khamenei issued a written statement on the war with the U.S., pledging to protect its "nuclear and missile capabilities." CBS News Ramy Inocencio reports.
Secretary of Defense Pete Hegseth is back on Capitol Hill, facing questions from lawmakers about his policies. Axios' Hans Nichols joins CBS News with more.
Sen. Jack Reed, a Rhode Island Democrat, pressed Defense Secretary Pete Hegseth about the firings of generals and admirals and the Trump administration's handling of the Iran war.
Defense Secretary Pete Hegseth and Gen. Dan Caine, chairman of the Joint Chiefs of Staff, gave opening statements touting the Pentagon's successes during a hearing before the Senate Armed Services Committee. A protester briefly interrupted Hegseth's statement.
President Trump still has faith in the U.S. blockade near the Strait of Hormuz despite tensions in the region impacting global oil and gas prices. CBS News' Taurean Small and Ramy Inocencio report.
Secretary of Defense Pete Hegseth is returning to Capitol Hill on Thursday after a tense day of testimony before lawmakers bombarding him with questions about the Iran war. CBS News' Nikole Killion reports.