Trump says he has upper hand in Iran war
President Trump says Iran's economy is on the brink of collapse as a stalemate plays out in the Strait of Hormuz, driving global oil and gas prices up. CBS News' Nancy Cordes reports.
Watch CBS News
President Trump says Iran's economy is on the brink of collapse as a stalemate plays out in the Strait of Hormuz, driving global oil and gas prices up. CBS News' Nancy Cordes reports.
The AI boom propped up U.S. economic growth in the first quarter, but inflation due to the Iran war is casting a cloud.
Secretary of Defense Pete Hegseth is facing lawmakers on Capitol Hill who have questions about the U.S.-Israeli war in Iran. This comes as global oil prices have skyrocketed amid a prolonged stalemate at the Strait of Hormuz. CBS News' Taurean Small and Ramy Inocencio report.
Defense Secretary Pete Hegseth is set to return to Capitol Hill on Thursday for more testimony on the war with Iran. On Wednesday, Hegseth faced questions about the objectives of the war and the economic impact. During the hearing, a top defense official said the war's price tag has reached an estimated $25 billion so far.
During a celebration for the Artemis II crew at the White House, President Trump defended the war with Iran as the U.S. economy grapples with rising gas prices. Global oil prices climbed above $120 per barrel on Wednesday, the highest since 2022, and gas prices are now up around 30 cents in a week. Nancy Cordes reports.
The USS Gerald R. Ford aircraft carrier is expected to leave the Middle East in the coming days, a U.S. official confirmed to CBS News.
The waiver lets international ships carry goods between U.S. ports and is aimed at lowering energy prices.
The war with Iran is now in its ninth week, and Congress is concerned about the reduction of global munition stockpiles and the ability to restock them.
Defense Secretary Pete Hegseth answered questions under oath in his first testimony since the war with Iran began. He said America's biggest adversaries are not overseas, but are on Capitol Hill. Caitlin Huey-Burns has more details.
Top Pentagon leaders, including Defense Secretary Pete Hegseth, testified before the House Armed Services Committee on Wednesday, facing tough questions about the war with Iran. CBS News' Taurean Small and Aaron Navarro have more details.
The Supreme Court voided Louisiana's congressional map on Wednesday, weakening the Voting Rights Act. Democratic Rep. Katherine Clark of Massachusetts joins "The Takeout" with her reaction.
Defense Secretary Pete Hegseth testified Wednesday in front of lawmakers on Capitol Hill for the first time since the start of the war in Iran. Democratic Sen. John Fetterman of Pennsylvania joins "The Takeout" to discuss Hegseth's testimony.
Ukraine has perfected demining techniques in the Black Sea over four years of war against Russia.
Defense Secretary Pete Hegseth and Chairman of the Joint Chiefs of Staff Gen. Dan Caine are testifying before the House Armed Services Committee on Wednesday. CBS News' Nikole Killion has more.
Iran and the U.S. are still at odds over Tehran's grip on the Strait of Hormuz and the American blockade of Iranian ports. CBS News' Charlie D'Agata reports.
President Trump renewed his threats against Iran and claimed it's in a state of collapse. CBS News' Ramy Inocencio reports.
CBS News royal contributor Roya Nikkhah joins "CBS Mornings" to discuss the significance of King Charles and Queen Camilla's visit to the U.S. as they head to New York City on Wednesday and its core mission. The king on Tuesday addressed Congress and met with President Trump amid strained relations between the U.S. and U.K.
In an address to a joint session of Congress, King Charles hinted at recent tension between the U.S. and U.K. over the war with Iran and trade. The king said, "whatever our differences, whatever disagreements we may have, we stand united in our commitment to uphold democracy." Nancy Cordes has more.
Oil prices continue rising as the Trump administration unenthusiastically mulls an Iranian offer to reopen the Strait of Hormuz but delay nuclear talks.
Gas prices have surged to their highest level since the start of the U.S.-Israeli war with Iran. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
President Trump and first lady Melania Trump welcomed King Charles III and Queen Camilla to the White House for their first official state visit as monarchs. Amanda Matta, a royal commentator, joins with more.
The Strait of Hormuz remains in limbo amid Iran's latest offer to reach a deal with the U.S. Meanwhile, the United Arab Emirates announced its exit from the Organization of the Petroleum Exporting Countries (OPEC), effective May 1. CBS News' Ramy Inocencio has more.
No one has been arrested and "officers are keeping an open mind about the motive behind the attack," police said.
Iran and the U.S. are still at odds on a deal to end the war. CBS News' Ramy Inocencio breaks down the latest on talks.
On average, domestic airfare is up about 18% compared to last year. A key factor is the surging fuel costs for airlines amid the war with Iran. Now, several low-cost carriers have asked the government for help as they grapple with the high cost of fuel. Kris Van Cleave spoke with Southwest's CEO about the impact of fuel costs.