Iran war pushes oil prices to 4-year high as Hegseth faces lawmakers
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.
Iran
Hegseth testifies on Iran war at Senate hearing
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.
No gas price relief in sight
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.
Iran war's true cost closer to $50 billion, not $25 billion, U.S. officials say
A Pentagon official publicly placed the Department of Defense's cost for Operation Epic Fury at $25 billion.
Iran war cost likely $50 billion: officials
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.
U.S. officials: Cost of war closer to $50 billion
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.
Ex-federal official on U.S. endurance in Iran
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.
Peters on need to reopen Strait of Hormuz
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.
What could come next in U.S. war with Iran
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.
Walkinshaw previews Bondi Epstein deposition
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Trump signs bill funding Department of Homeland Security, ending 76-day shutdown; Louisiana postpones House primaries after Supreme Court ruling.
Oil prices hit 4-year high amid Iran war
Oil surged overnight Wednesday into Thursday to $126 a barrel, before eventually falling. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Trump on foreign investments in U.S., more
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.
Kelly slams Hegseth at hearing
Democratic Sen. Mark Kelly criticized Defense Secretary Pete Hegseth for his answers to questions during a hearing before the Senate Armed Services Committee.
Hegseth asked about insider trading
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."
Ernst criticizes Hegseth for general's firing
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 supreme leader on its nuclear program
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.
Hegseth spars with lawmakers
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.
Reed presses Hegseth about Pentagon firings
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.
Hegseth's remarks interrupted by protester
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.
Trump calls U.S. blockade "genius"
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.
Hegseth's Iran testimony gets heated
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.
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.
GDP rose at 2% annual rate in first quarter as U.S. economy rebounds
The AI boom propped up U.S. economic growth in the first quarter, but inflation due to the Iran war is casting a cloud.
Lawmakers slam Hegseth over Iran war
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.
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Iran says it's ready to "teach a lesson" if U.S. launches new attacks
Iran warns any new U.S. attacks will bring a "bad result," as President Trump acknowledges the ceasefire is faltering and violence flares in Lebanon.
Trump on "the only thing that matters" in dealing with Iran
President Trump said Americans' financial situation isn't motivating him to make a deal, "Not even a little bit," and that he is only focused on preventing Iran from getting nuclear weapons.
Exclusive
Ukraine and U.S. move toward landmark drone defense deal
A deal is taking shape for the U.S. and Ukraine to jointly develop and build weapons that have been at the forefront of the wars in both Ukraine and Iran.
Trump administration to name David Venturella as interim ICE chief
The Trump administration plans to name longtime immigration official David Venturella as the interim head of U.S. Immigration and Customs Enforcement, replacing acting director Todd Lyons, a spokesperson and two U.S. officials said.
Jason Collins, the NBA's first openly gay player, dies at 47 from brain cancer
Jason Collins, the NBA's first openly gay player, who went on to become a pioneer for inclusion and an ambassador for the league, has died, his family announced Tuesday.
Florida's "Alligator Alcatraz" could close in June, sources say
The closure comes amid escalating operating costs for the facility, which are now estimated to total nearly $1 billion.
Brandon Clarke of the Memphis Grizzlies dies at age 29
Memphis Grizzlies forward Brandon Clarke has died at the age of 29, the team announced.
Data reveals 42% drop in Canadian visits to U.S. last year
University of Toronto researchers say cellphone data shows a major drop not only in Canadian tourists visiting the U.S., "but also in business-related travel."
Trump heads to China for high-stakes meeting with Xi
Trade, Taiwan and tensions with Iran are surefire topics for President Trump's meeting with Chinese leader Xi Jinping.
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Sons of Kouri Richins say they'd feel unsafe if she wasn't in prison
Prosecutors said Kouri Richins laced her husband's cocktail with five times the lethal dose of fentanyl in 2022.
Jason Collins, the NBA's first openly gay player, dies at 47 from brain cancer
Jason Collins, the NBA's first openly gay player, who went on to become a pioneer for inclusion and an ambassador for the league, has died, his family announced Tuesday.
Will Trump seek investment to join China in a "dark factory" future?
A Chinese manufacturing giant tells CBS News how its sprawling factory runs with a fraction of the human workforce previously required.
Florida's "Alligator Alcatraz" could close in June, sources say
The closure comes amid escalating operating costs for the facility, which are now estimated to total nearly $1 billion.
Trump on "the only thing that matters" in dealing with Iran
President Trump said Americans' financial situation isn't motivating him to make a deal, "Not even a little bit," and that he is only focused on preventing Iran from getting nuclear weapons.
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Will Trump seek investment to join China in a "dark factory" future?
A Chinese manufacturing giant tells CBS News how its sprawling factory runs with a fraction of the human workforce previously required.
Businesses starting to receive their IEEPA tariff refunds
"I'd been checking the status feverishly to see if anything was in my bank account," one small business owner said.
Searing U.S. energy prices are driving the hottest inflation in years
CPI gas price index has surged 28% from a year ago, while overall energy costs are up nearly 18%, new inflation data shows.
Social Security's cost-of-living adjustment could reach nearly 4% in 2027
A larger COLA would boost monthly checks for retirees, but also strain Social Security's already depleted trust funds.
Senate confirms Kevin Warsh as Fed governor, clearing path to become chair
The Senate has confirmed Kevin Warsh to the Federal Reserve's Board of Governors, a crucial step in President Trump's push to make Warsh the central bank's leader, replacing Jerome Powell.
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Trump administration to name David Venturella as interim ICE chief
The Trump administration plans to name longtime immigration official David Venturella as the interim head of U.S. Immigration and Customs Enforcement, replacing acting director Todd Lyons, a spokesperson and two U.S. officials said.
Florida's "Alligator Alcatraz" could close in June, sources say
The closure comes amid escalating operating costs for the facility, which are now estimated to total nearly $1 billion.
Trump on "the only thing that matters" in dealing with Iran
President Trump said Americans' financial situation isn't motivating him to make a deal, "Not even a little bit," and that he is only focused on preventing Iran from getting nuclear weapons.
Marty Makary resigns as FDA commissioner after internal tensions
FDA Commissioner Marty Makary resigned his position, stepping aside amid a swirl of reports that his tenure was coming to an end.
Senate confirms Kevin Warsh as Fed governor, clearing path to become chair
The Senate has confirmed Kevin Warsh to the Federal Reserve's Board of Governors, a crucial step in President Trump's push to make Warsh the central bank's leader, replacing Jerome Powell.
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How exercise can improve brain health
Daily physical activity is one of the important steps to building healthy habits to lower the risk of dementia. As part of a three-part series, "Brain Health: From Awareness to Action," Alzheimer's Association President and CEO Joanne Pike joins "CBS Mornings" with tips on incorporating exercise into your routine as part of their "(re)think your brain" initiative. Learn more about their "6-Step Challenge" at rethinkyourbrain.org (Sponsored by the Alzheimer's Association)
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Parents sue OpenAI over teen's death after he used ChatGPT to get drug info
A Texas couple is filing a lawsuit accusing the AI company of guiding their teenage son in using drugs, resulting in a fatal overdose.
WHO chief says "work not over" after evacuation of hantavirus-stricken ship
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Americans from hantavirus ship quarantining
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Will Trump seek investment to join China in a "dark factory" future?
A Chinese manufacturing giant tells CBS News how its sprawling factory runs with a fraction of the human workforce previously required.
Putin says Russia test launches "most powerful missile in the world"
Russia tested a new long-range missile capable of carrying nuclear warheads, months after the last treaty with the U.S. expired.
U.K. Prime Minister Keir Starmer rejects mounting calls to resign
Despite a fifth of British Prime Minister Keir Starmer's fellow Labour Party lawmakers calling on him to step down, he says he'll "get on with governing."
Data reveals 42% drop in Canadian visits to U.S. last year
University of Toronto researchers say cellphone data shows a major drop not only in Canadian tourists visiting the U.S., "but also in business-related travel."
Lawmakers press Hegseth on details on Iran war authorization, ceasefire
Defense Secretary Pete Hegseth said the $1.5 trillion the Pentagon is seeking is "admittedly a historic budget."
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Stars of "Dutton Ranch" on reprising roles
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Matt Damon and Ben Affleck sued over movie
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5/10: Sunday Morning
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White House invites business titans on China trip
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How AI powered robots are helping small farms
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Sam Altman testifies in Musk-OpenAI trial
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Trump-Xi summit expected to focus on trade, AI
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Emperor penguins in focus as Antarctica talks start in Japan
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What's in the released UFO files?
The Pentagon released UFO documents on Friday, with President Trump telling the public to "have fun" deciding for itself what is going on. Carter Evans reports.
Trump: UFO files released for transparency
Defense Secretary Pete Hegseth said it's time for the American people see it for themselves, as the Pentagon started releasing previously classified documents related to UFOs and UAPs. CBS News Pentagon reporter Eleanor Watson has more.
"The Age of Disclosure" director on UFO files
The Pentagon on Friday released and declassified numerous files on UFOs, including eyewitness testimony, photos and reports. Government knowledge of non-human intelligent life was the subject of the documentary "The Age of Disclosure," released in February. Its director and producer, Dan Farah, joins CBS News to discuss.
Pentagon begins releasing UFO files: "It's time the American people see"
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
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Sons of Kouri Richins say they'd feel unsafe if she wasn't in prison
Prosecutors said Kouri Richins laced her husband's cocktail with five times the lethal dose of fentanyl in 2022.
New details about Boston-area highway gunman
The suspect who allegedly fired into a major road near Boston had prior criminal convictions. Jericka Duncan reports on new details about the shooting and the suspect.
Charges after Baltimore's Key Bridge collapse
The Justice Department announced criminal charges against the ship operator in the Francis Scott Key Bridge collapse that killed six people in 2024. CBS News' Shanelle Kaul has more.
Mayor faces prison time over alleged spying
Eileen Wang, the former mayor of Arcadia, California, faces a 10-year prison sentence for pleading guilty to acting as a covert agent for China. CBS News Los Angeles' Tina Patel has more.
Search for Nancy Guthrie reaches 100 days
The search for Nancy Guthrie has spanned 100 days, and key evidence in the case is still under analysis. CBS News' Anna Schecter reports.
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UFO files reveal astronauts saw mysterious objects and lights in 1972
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
Pentagon begins releasing UFO files: "It's time the American people see"
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
Mysterious world beyond Pluto may have atmosphere, study says
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Artemis crew surprises 5-year-old aspiring astronaut with special gift
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Lawmakers grill Pete Hegseth on Iran
Defense Secretary Pete Hegseth and Chairman of the Joint Chiefs of Staff Gen. Dan Caine faced bipartisan questioning on Capitol Hill about the war in Iran on Tuesday. The Trump administration is seeking $1.5 trillion for defense in the 2027 budget proposal, a starting point for negotiations. Hegseth called it "admittedly a historic budget" in his opening statement.
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President Trump heads to Bejing to meet with Xi Jinping; inflation surges to its highest level in nearly three years.
NAACP head on SCOTUS redistricting decision
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