Gas prices hit $4.06 a gallon before Trump's prime-time address
U.S. gasoline prices continue to inch higher after crossing the $4 a gallon threshold on Tuesday for the first time since 2022.
Oil and Gas
Trump's Iran war fuels diesel concerns
Small businesses are grappling with the rising costs of diesel fuel as the war in Iran continues. Joshua Harris, the manager at Mayport C&C Fisheries, joins CBS News with more on the impact.
Majority of recent ship traffic through Strait of Hormuz linked to Iran
Trump said Iran gave him the "present" of letting eight oil tankers through the Strait of Hormuz, but the majority of ships making the passage are Iranian, including
Trump says Iran war could wrap up in 2-3 weeks as gas prices rise
President Trump indicated the Iran war may wrap up "very soon" and he could abandon efforts to force Iran to reopen the Strait of Hormuz, as the war pushed U.S. gas prices over the $4 mark.
Gas in U.S. hits $4 a gallon for first time since August 2022
The average price of gas across the U.S. last reached $4 after Russia's invasion of Ukraine sent crude oil prices surging.
Russian oil tanker arrives in Cuba
A Russian tanker carrying roughly 700,000 barrels of crude oil arrived in Cuba on Tuesday morning. This is the first significant oil delivery to the island nation in three months. CBS News national correspondent Lilia Luciano has more.
Farmers feel pinch of rising energy costs
The average cost of a gallon of regular gas is now over $4 for the first time since 2022, when Russia invaded Ukraine. Diesel prices also rose on Tuesday, reaching $5.45 a gallon. When energy prices rise, the prices of most other goods rise as well. CBS News correspondent Lana Zak reports from Iowa.
Average gas price spikes above $4
The U.S. is pressing forward with its strikes against Iran as the White House pushes for Tehran to make a deal to reopen the Strait of Hormuz. CBS News' Kelly O'Grady, Eleanor Watson and Nancy Cordes report.
Key committee votes on Gulf oil, gas activity
The Endangered Species Committee voted Tuesday to exempt oil and gas activity in the Gulf of Mexico from the Endangered Species Act protections. CBS News' Shanelle Kaul has more.
U.S. farmers react to rising diesel costs
Scott Marlow, an agriculture policy expert, told CBS News' Lana Zak that rising fuel costs from the war with Iran have impacted U.S. farmers at "every step" of the process.
Why Kharg Island is essential to Iran
Iran's Kharg Island is crucial to the country's economy due to its role as an oil export hub. CBS News' Michael George explains.
Average price of gas hits $4 per gallon
For the first time since August 2022, the average price of gas in the U.S. has hit $4 per gallon as the Iran war grinds on. CBS News business analyst Jill Schlesinger breaks down how consumers are feeling the economic pinch with the war now in its fifth week.
Trump threatens to invade Iran, "obliterate" its energy resources
Energy markets remain volatile as President Trump threatens Iran with an invasion to seize its oil while also suggesting a deal could soon end the war.
Brent crude touches $115 a barrel, while stocks resume a losing streak
U.S. stocks swung on Monday as oil prices kept climbing because of uncertainty about when the war with Iran could end.
Oil prices skyrocket as Iran war goes on
Oil prices are rising as President Trump contemplates a ground operation in Iran. The Wall Street Journal's Spencer Jakab has more.
Trump threatens Iranian energy sites
President Trump threatened on social media to obliterate Iranian energy sites if "a deal is not shortly reached." Ret. Col. Mark Cancian, a senior adviser at the Center for Strategic and International Studies, joins with more.
Trump insists Iran deal could happen "soon"
President Trump is still insisting that a deal with Iran to end the conflict in the Middle East could occur soon, despite thousands of U.S. troops arriving in the region. CBS News' Taurean Small and Elizabeth Palmer report.
Pakistan says it's set to host U.S.-Iran talks soon
It's unclear if the talks would be direct or indirect, and Washington and Tehran aren't commenting. This, as Iran warns the U.S. not to start ground operations.
Farmers feel financial pain from Iran war
American homes and businesses are feeling the ripple effects of the war in Iran. Gas prices are averaging $3.97 a gallon nationwide, up about one dollar in a month, and the largest four-year increase in 30 years. Lana Zak reports from Iowa.
Strikes intensify in the Middle East
Strikes in the Middle East intensified overnight, as Iranian-backed Houthi rebels claimed a missile launch toward Israel and 10 U.S. service members were wounded in an Iranian strike in Saudi Arabia, officials said. Meanwhile, the Strait of Hormuz remains barred to most global oil transports.
Stocks tumble for fifth week amid war
Stocks tumbled on Friday amid the uncertainty in Iran, marking the fifth consecutive week of declines. It's the longest stretch of weekly losses in nearly four years. CBS News business contributor Javier David has more.
Dow Jones index enters correction territory after five weeks of losses
Stocks suffered a fifth straight weekly loss as oil prices climbed and mixed signals on Iran raised fears about inflation and growth.
Iran keeps Strait of Hormuz blocked, and threatens another key waterway
Iran has a stranglehold on the Strait of Hormuz, and as pressure mounts, it's threatened to target another vital Middle East shipping lane, the Bab el-Mandeb Strait.
Could Trump suspend the federal gas tax?
President Trump said he could consider suspending the federal gas tax as the conflict in the Middle East continues. Barron's reporter Jacob Sonenshine joins CBS News with more.
Witkoff floats Iran peace plan as Trump extends pause on energy plant strikes
President Trump has extended a pause on striking Iranian energy infrastructure until April 6.
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