Gas prices edge higher with Brent crude remaining above $100 per barrel
Gas prices have jumped almost 79 cents per gallon from a month ago, raising fresh inflation concerns.
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Gas prices have jumped almost 79 cents per gallon from a month ago, raising fresh inflation concerns.
President Trump is trying to soothe concerns over rising oil and gas prices. This comes as he calls on allies to help protect ships on the Strait of Hormuz from Iranian attacks. CBS News' Charlie D'Agata and Imtiaz Tyab report.
Even if oil prices ease, they won't return to the levels they were at before the war started, according to Patrick De Haan of GasBuddy.
President Trump is calling on other countries to help reopen the Strait of Hormuz, a narrow waterway south of Iran that's crucial to moving oil tankers in and out of the Persian Gulf. Imtiaz Tyab has the latest.
The economic risks of the war in Iran are getting real for Americans at home. Stock markets ended the week down again as the conflict dragged on. This as U.S. crude oil costs are pumped up. Andres Gutierrez has more on the energy shock.
President Trump called on countries like the U.K., France, South Korea, Japan and even China to help keep the Strait of Hormuz open as Iran tries to strangle the flow of oil from the region. Charlie D'Agata reports.
U.S. Energy Secretary Chris Wright invoked the Defense Production Act to restore the Sable Offshore Corp.'s Santa Ynez unit and pipeline off Santa Barbara's coastline.
Qatar, home to the largest U.S. military base in the Middle East, has been hit by Iranian retaliatory strikes amid the U.S.-Israeli war. Dr. Majed Mohammed Al-Ansari, who is the official spokesperson of Qatar's Ministry of Foreign Affairs, told CBS News' Imtiaz Tyab that the region needs "an end to this as soon as possible," warning, "a prolonged conflict in this region will have a profound impact" on the energy industry.
President Trump said Friday night on social media that the U.S. struck a key Iranian oil hub on Kharg Island as tensions over the global oil supply ramp up amid Iran's closure of the Strait of Hormuz.
Then-President Richard Nixon addressed the nation from the Oval Office during the 1973 energy crisis. Fueled by the Yom Kippur War, members of the Organization of the Petroleum Exporting Countries in the Middle East banned the sale of oil to the U.S. and other countries, sharply raising gas prices for Americans as they faced their first fuel shortage since WWII.
On Nov. 29, 1973, CBS News aired a special report titled "Making It Through This Winter," spotlighting the ways Americans were making do amid the oil crisis. Watch the program in full.
In 1971, Mike Wallace reported on the Middle East oil tanker business, noting that "the oil tanker may just be the single most remarkable money-making instrument in the world today."
Planning a trip? Travel experts recommend booking your flight soon as the Iran war drives up airline and ticket costs.
Easing the century-old shipping law could help lower fuel prices as the Iran war pushes crude oil near $100 a barrel, experts say.
The U.S. is temporarily allowing the purchase of Russian oil that's already at sea, in the Trump administration's latest move to loosen sanctions on Russia's oil industry as the world grapples with high oil prices.
Iran's relentless attacks on Gulf states and infrastructure appear to be overshadowing interventions by the U.S. and its allies aimed at easing energy prices.
Ship traffic in the Strait of Hormuz was mostly stopped amid the war in Iran on Thursday, which contributed to rising oil prices. The waterway typically carries around 20% of the world's supply of oil. On Wednesday, President Trump ordered the release of 172 million barrels of oil from emergency reserves. In a statement attributed to Iran's new Supreme Leader, Ayatollah Mojtaba Khamenei, he said Iran should keep putting pressure on the critical chokepoint.
Global energy prices remain elevated after Iran's new Supreme Leader vowed to keep the Strait of Hormuz closed in a statement released Thursday. Laura Sanicola, senior writer for Barron's, joins "The Daily Report" to discuss.
For American drivers, the cost of the war with Iran is already showing up at the pump. But there's a bigger warning light flashing for the economy: diesel. Kelly O'Grady explains.
Iran's new Supreme Leader, Ayatollah Mojtaba Khamenei, issued his first public statement Thursday since taking his new position. A broadcaster read the statement on Iranian state media. CBS News' Eleanor Watson and Willie James Inman have more.
Attacks on shipping traffic and energy infrastructure in the Persian Gulf temporarily pushed oil back above $100 a barrel, stoking investor fears.
Energy prices won't ease up until the Strait of Hormuz is secure, experts say. Here's what it will take to get the oil flowing again.
Iran attacked several Persian Gulf states overnight as the war entered Day 13. This comes as the price of oil continues to rise despite the U.S. announcing measures to tap into its reserves. Also, more details are emerging about the American forces injured in Kuwait and Israel's mission against Iran. CBS News' Natalie Brand and Ramy Inocencio report, and Daniel Shapiro, the former U.S. ambassador to Israel, joins with more insight.
The U.S. and the International Energy Agency are releasing oil from their reserves as the average price of a gallon of gas in the U.S. has jumped 15% since the Iran war began. Kelly O'Grady explains if the moves will have any impact on the cost of gas.
President Trump ordered the release of 172 million barrels of oil from the U.S.'s Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.'s war with Iran.
At least 3 U.S. service members were killed over the weekend in Iraq and Jordan, where back-to-back Iranian attacks on a U.S. base seem to have evaded defenses.
President Trump is imposing 50% tariffs on a range of Canadian goods, from hockey equipment to alcoholic beverages, escalating the trade dispute between the two countries.
Tropical Storm Bertha is the second named storm of the Atlantic hurricane season.
Almost 100 American service members have been injured in strikes on bases in the Middle East this month, most of whom have returned to duty, U.S. officials said.
A man was arrested after law enforcement officials said he ignited fireworks, poured flammable liquid and started a fire at 26 Federal Plaza in Lower Manhattan.
The FDA said that as of Sunday, it had not found any "confirmed positive sample results for product testing" in the cyclosporiasis outbreak.
The New York Times moved to quash subpoenas that sought phone records of the reporters and their relatives, including the spouses of two reporters and one reporter's mother.
A man stabbed two tourists near the ancient Acropolis in Athens, Greece's top tourist attraction, police said.
The new Air Force One "has a lot of capability, but as I understand it, in about a month or so, they're going to send it to have it be maxed out," President Trump said Sunday.
A United Airlines employee appears to have been caught on video threatening to call U.S. Immigration and Customs Enforcement on a passenger last week at San Francisco International Airport.
Tropical Storm Bertha is the second named storm of the Atlantic hurricane season.
The New York Times moved to quash subpoenas that sought phone records of the reporters and their relatives, including the spouses of two reporters and one reporter's mother.
President Trump is imposing 50% tariffs on a range of Canadian goods, from hockey equipment to alcoholic beverages, escalating the trade dispute between the two countries.
The nation's largest recent cyclospora outbreak has put one of America's biggest produce suppliers under renewed scrutiny.
President Trump is imposing 50% tariffs on a range of Canadian goods, from hockey equipment to alcoholic beverages, escalating the trade dispute between the two countries.
The nation's largest recent cyclospora outbreak has put one of America's biggest produce suppliers under renewed scrutiny.
The ruling comes after a coalition of 12 states sued to block the deal, arguing it would harm consumers and the entertainment industry.
About four in 10 workers aren't even aware they pay fees on their 401(k)s, research has found. Here's what to know.
A severe labor shortage is set to emerge over the next decade amid a wave of baby boomer retirements and a shrinking younger workforce.
The New York Times moved to quash subpoenas that sought phone records of the reporters and their relatives, including the spouses of two reporters and one reporter's mother.
President Trump is imposing 50% tariffs on a range of Canadian goods, from hockey equipment to alcoholic beverages, escalating the trade dispute between the two countries.
Almost 100 American service members have been injured in strikes on bases in the Middle East this month, U.S. officials said.
Sen. Darline Graham, who is serving out the remainder of the late Sen. Lindsey Graham's term in the Senate, said she will seek a full term for the South Carolina seat her brother held for more than two decades.
The new Air Force One "has a lot of capability, but as I understand it, in about a month or so, they're going to send it to have it be maxed out," President Trump said Sunday.
The FDA says Taylor Farms lettuce is still the focus of their ongoing cyclospora investigation, despite a false positive test announced Sunday. Carter Evans reports.
Prisoners with severe medical conditions can be granted compassionate release, but without a long-term care facility willing to accept them, many continue to wait in prison as their conditions worsen.
The FDA said that as of Sunday, it had not found any "confirmed positive sample results for product testing" in the cyclosporiasis outbreak.
Ronald Gould is a federal judge on the Ninth Circuit Court of Appeals in Seattle, one rung below the U.S. Supreme Court. At 79, he shoulders a full caseload despite living with progressive multiple sclerosis. He talks with CBS News chief medical correspondent Dr. Jon LaPook about working with MS, a condition he faces with grit and a healthy dose of humor. LaPook also talks with one of Gould's former law clerks, Karla Gilbride, an attorney who has been blind since birth.
Studies show that having a positive outlook about aging, and having good social networks, can have positive health benefits, from preventing memory loss to a longer life expectancy. Actor Ted Danson presents "Sunday Morning" viewers with advice on how to embrace aging.
A man stabbed two tourists near the ancient Acropolis in Athens, Greece's top tourist attraction, police said.
President Trump is imposing 50% tariffs on a range of Canadian goods, from hockey equipment to alcoholic beverages, escalating the trade dispute between the two countries.
Almost 100 American service members have been injured in strikes on bases in the Middle East this month, U.S. officials said.
The death of a Moroccan man as he was detained by Italian police in Bologna has sparked anger and a formal investigation.
Influencer brothers Andrew and Tristan Tate will fight extradition to the U.K., where they face rape and sex trafficking charges.
The ruling comes after a coalition of 12 states sued to block the deal, arguing it would harm consumers and the entertainment industry.
A judge has granted a temporary restraining order to temporarily block the Paramount Skydance-Warner Bros. Discovery merger from happening. CBS News' Jake Rosen reports. Paramount Skydance is the parent company of CBS News.
"The Odyssey," which was shot in six countries, pulled in more than $260 million worldwide over the weekend.
Oscar-winning director Christopher Nolan talks about his latest movie, "The Odyssey," which was shot in six countries. He tells "CBS Mornings" about what it was like working with the star-studded cast and challenges faced when creating the film.
"The Odyssey" raked in more than $264 million worldwide over the weekend. A majority of ticket buyers cited director Christopher Nolan as their primary reason for seeing the movie, according to PostTrack, a film industry research service. Adriana Diaz reports.
On this edition of CBS Mornings Deals, we show you items that will help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
An AI expert said the telltale signs people once relied on, such as distorted fingers, unnatural eyes, or other obvious visual flaws, have largely disappeared as technology has improved.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
New York is now the first state to temporarily ban data center construction, paving the way for others to follow suit. Environmental advocate Erin Brockovich joins "The Takeout" to discuss.
Noise from a Mississippi plant powering Elon Musk's xAI data centers in the area is causing migraines, ringing ears and sleepless nights, residents say.
Millions of people are enduring dangerous air quality as Canadian wildfire smoke shrouds the skies. Jonathan Overpeck, dean of the School for Environment and Sustainability at the University of Michigan, explains how climate change is worsening wildfires.
New York has become the first state to impose a temporary moratorium on data center development while state lawmakers lay the groundwork to assess environmental and social impacts. Dr. Mike Weinstein, the director of sustainability at Southern New Hampshire University, explains what we know about the wider environmental impact data centers.
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
The name "White-chested Fox" was found in drawings dating from 400 BC to 900 AD at the San Bartolo-Xultun archaeological site.
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
A man stabbed two tourists near the ancient Acropolis in Athens, Greece's top tourist attraction, police said.
Brothers Andrew and Tristan Tate appeared in court in Miami on Monday as they fight an extradition request from the UK over new sex crime-related charges. Cristian Benavides reports from Miami.
Andrew and Tristan Tate appeared before a judge in Miami on Monday as British prosecutors seek extradition of the pair to face dozens of sex-related charges. Cristian Benavides has more.
U.S. Army veteran Andrew Arrabaca, 43, is in custody Monday after allegedly setting off fireworks and igniting a fire outside a federal building in New York City on Monday. Tom Hanson reports.
The FBI has identified the suspect in Monday morning's explosion outside a federal building in New York City as a 43-year-old U.S. Army veteran. CBS News' Anna Schecter has the latest.
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
The celebration in Spain continued Monday as World Cup champions La Roja returned home to a heroes' welcome. Nicole Valdes has one last look at the 2026 tournament.
As fighting with Iran ramps up, a gallon of regular gas is once again $4 on average, up 13 cents in one week, according to AAA. Severin Borenstein, professor at UC Berkeley's Haas School of Business, joins with analysis.
Former state senator Troy Jackson, who calls himself a "pickup progressive," is set to become Maine's Democratic Senate nominee. He'll replace Graham Platner, who left the race following accusations of sexual assault. Fin Gómez reports.
A 10th straight night of U.S. strikes on Iran is underway as President Trump vows Tehran will pay for the deaths of three American soldiers over the weekend. CBS News senior national security correspondent Charlie D'Agata reports. Then, global affairs analyst Jonathan Wachtel joins to discuss the state of the war.
Andy Burnham became the UK's new prime minister on Monday, calling for a national "reset" as many Britons struggle with poverty and an elevated cost of living. CBS News' senior foreign correspondent Imtiaz Tyab reports from London and Lindsey Reiser looks at the timeline of recent British prime ministers.