How the Strait of Hormuz impacts oil prices
About 20% of the world's oil goes through the Strait of Hormuz, which is a crucial waterway south of Iran. Kelly O'Grady explains how it impacts the oil market worldwide.
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About 20% of the world's oil goes through the Strait of Hormuz, which is a crucial waterway south of Iran. Kelly O'Grady explains how it impacts the oil market worldwide.
Iran has threatened to shut down Persian Gulf shipping lanes. It comes as it steps up strikes on Gulf states and Israel, with Qatar saying it intercepted 17 Iranian ballistic missile attacks on Monday alone. President Trump said the U.S. has decimated Iran's missile capacity. Matt Gutman has the latest.
President Trump's assurances that a rising U.S. death toll and soaring energy prices will be temporary and worth the pain are failing to assuage jittery investors.
On Monday, President Trump told CBS News senior White House correspondent Weijia Jiang that the war in Iran "is very complete," but he did not provide a timeline for the end of the conflict. Lindsey Reiser takes a look at the war's first 10 days and some of the strikes that have been carried out across the Middle East.
As the war with Iran causes the price of oil to skyrocket, the CEO of United says that it could soon affect airline prices. Clint Henderson, managing editor for travel website The Points Guy, joins to discuss.
President Trump gave updates on the war in Iran on Monday, saying he was "disappointed" in the country's new choice of leadership, the former supreme leader's son, Mojtaba Khamenei. CBS News congressional correspondent Nikole Killion joins to discuss takeaways from the news conference. Then, Joe Zacks, former deputy assistant director for counterterrorism at the CIA, joins with analysis.
Gas prices rose 14% during the first week of the joint U.S.-Israel war with Iran, according to AAA. CBS News contributor J.D. Durkin joins from the New York Stock Exchange with analysis.
The average price of a gallon of gas in the U.S. is up 17% since the war with Iran began. Justin Wolfers, professor of public policy and economics at the University of Michigan, joins with analysis.
President Trump on Monday held his first news conference since the U.S. and Israel launched strikes against Iran. CBS Evening News anchor Tony Dokoupil leads a special report.
The war in Iran is now in its 10th day. CBS News' Robert Costa and Weijia Jiang both spoke with President Trump about the state of the conflict and joined "The Takeout" to describe their conversations.
When asked about the potential for U.S. troops on the ground in Iran, Defense Secretary Pete Hegseth told CBS News chief Washington correspondent Major Garrett, "You don't tell anybody what your limits would be on an operation." Former CIA officer Elliot Ackerman joins with analysis.
Sources tell CBS News that a preliminary intelligence assessment suggests the U.S. is "likely" responsible for the bombing of a girls' school in Iran that killed 168 people, many of them children, on Feb. 28. The report also suggests the U.S. did not intentionally target the school and may have hit it in error. CBS News chief correspondent Matt Gutman has more.
President Trump told CBS News' Weijia Jiang on Monday that the Iran war could be almost over and that he's eyeing control of the Strait of Hormuz. CBS News White House reporter Olivia Rinaldi has the details on the conversation.
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.
Retired Lt. Gen. H.R. McMaster, former national security adviser in the first Trump administration, joins CBS News to discuss the potential for boots on the ground in Iran.
Wall Street is having a rough day as the Iran war spurs on skyrocketing oil prices. Clayton Seigle, senior fellow for the Energy Security and Climate Change Program at CSIS, joins CBS News to discuss.
The U.S. is "likely" responsible for the deadly bombing of a girls' school in Iran, sources told CBS News. Secretary of Defense Pete Hegseth told reporters Saturday that an investigation into the incident is ongoing. CBS News' Oivia Gazis has more.
The Pentagon has identified Sgt. Benjamin N. Pennington from Kentucky as the soldier who died from Sunday injuries sustained in a March 1 attack on a U.S. airbase in Saudi Arabia. CBS News chief White House correspondent Nancy Cordes has more.
The soldier killed in an attack on an American base in Saudi Arabia has been identified as Army Sgt. Benjamin Pennington, 26, of Kentucky, the Defense Department said. He is the seventh U.S. service member to be killed in the Middle East since the start of the U.S.-Israeli war with Iran. CBS News senior White House correspondent Weijia Jiang has more.
Marc Caputo, who covers the White House for Axios, joins CBS News 24/7 to discuss his report on the U.S. weighing the use of special forces in Iran to destroy its stockpiles, and more details on the U.S. possibly being at odds with Israel over its strikes on Iran's fuel depots.
President Trump told Fox News that he's "not happy" with Iran's choice of Ayatollah Mojtaba Khamenei as the country's new supreme leader. CBS News senior foreign correspondent Holly Williams has more.
Mojtaba Khamenei, the son of former Ayatollah Ali Khamenei, was chosen as Iran's new supreme leader following his father's death in U.S.-Israeli strikes, state media claims. CBS News' Courtney Kealy has more on how the decision was made.
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.
Iran announced Mojtaba Khamenei, the son of Ayatollah Ali Khamenei, as its new supreme leader on Sunday, according to state media. CBS News senior national security correspondent Charlie D'Agata has more.
The U.S. announced at least seven members of the military have been killed as the Iran war rages on. CBS News' Lana Zak reports.