Could tapping the Strategic Petroleum Reserve lower gas prices?

The Strategic Petroleum Reserve is designed to cushion disruptions to U.S. oil supplies during emergencies.

• Mar 10

World leaders eye oil reserves

Oil prices surged Monday to more than $119 per barrel but dropped by more than 10% on Tuesday. Meanwhile, world leaders are eyeing oil reserves as the Iran war continues to disrupt traffic through the Strait of Hormuz. Robert Schroeder, the Washington bureau chief at MarketWatch, has more.

• Mar 10

Trump reacts to concerns over oil prices

President Trump said he "knew oil prices would go up," but it's been less than he anticipated after oil prices hit more than $100 per barrel on Monday. CBS News' Kelly O'Grady has more.

• Mar 10

Iran fires drones at Saudi Arabia, Kuwait

Iran fired drones toward Saudi Arabia and Kuwait on Tuesday, officials said, as tensions over the global oil supply ramp up. CBS News intelligence and national security reporter Olivia Gazis has the latest.

• Mar 10

Iran vows to keep fighting U.S., Israel

Iran continued retaliatory strikes across the Middle East and threatened to shut down the Strait of Hormuz. President Trump said Monday he would not allow "a terrorist regime to hold the world hostage and attempt to stop the globe's oil supply." CBS News chief correspondent Matt Gutman has the latest from Tel Aviv.

• Mar 10

As U.S.-Israeli war with Iran intensifies, Trump says it is "ahead of schedule"

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.

• Mar 10

Here's how much Americans are paying for gas as oil prices spike

The U.S. average gas price has jumped 48 cents since last week, with experts predicting that higher fuel costs could persist for months.

• Mar 9

Markets plunge amid oil supply fear

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.

• Mar 9

Oil prices hit four-year high

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.

• Mar 9

Wright: "Elevated energy prices" are temporary

Energy Secretary Chris Wright told "Face the Nation with Margaret Brennan" that he believes that oil and gas prices "shouldn't go much higher than they are here because the world is very well supplied with oil," adding that the conflict in the Middle East is "not a long-term war."

• Mar 8

Open: "Face the Nation," March 8, 2026

This week on "Face the Nation with Margaret Brennan," as the U.S. and Israeli forces stepped up their bombing campaign through the weekend, Margaret Brennan speaks to U.S. Energy Secretary Chris Wright, Israeli ambassador to the U.S. Michael Leiter and Democratic Sen. Tim Kaine.

• Mar 8

Inside China, a major importer of Iranian oil

China buys nearly all of Iran's sanctioned oil, and due to the U.S. and Israeli-led conflict there, the supply line has been severely disrupted. Anna Coren has more from Beijing.

• Mar 7

Oil prices surge amid war in Iran

Jill Schlesinger joins "CBS Saturday Morning" to discuss how the war against Iran is impacting the price of oil and gas. She also breaks down the February jobs report.

• Mar 7

Job losses, Iran war fuel economic fears

The U.S.-Israeli war with Iran is taking a toll on the economy. On Friday, U.S. crude oil prices went up to more than $85 per barrel. Plus, the job report for February came back worse than expected. CBS News MoneyWatch correspondent Kelly O'Grady reports.

• Mar 6

Oil prices continue to climb, hitting highest level in nearly 2 years

Surging global oil prices due to the Iran war are leading to a spike in gasoline costs for U.S. motorists.

• Mar 6

U.S., Venezuela to establish diplomatic relations for first time since 2019

Relations between the two countries were cut off in 2019, during the first Trump administration.

• Mar 5

Gas prices are up 26 cents since last week, GasBuddy finds

Americans are now paying an average of $3.246 per gallon, up 26 cents since last week and the highest level since April 2025.

• Mar 5

Gas prices soar for Americans during Iran war

Gas prices are soaring for Americans as the Iran war rages on. The Wall Street Journal reporter David Uberti joins CBS News with more details.

• Mar 4

Free Press author: War in Iran is about China

President Trump said his objectives in Iran are to dismantle its military capabilities, destroy its naval assets, prevent it from obtaining a nuclear weapon and cut off funding to Iran's proxies. But Zineb Riboua, author of The Free Press article "The Iran Strike is All About China," argues otherwise. Paramount Skydance owns The Free Press and CBS News.

• Mar 3

Trump defends war with Iran, conflict widens

President Trump on Tuesday defended his decision to launch strikes on Iran as the conflict in the region widened. CBS News' Matt Gutman, Aaron Navarro and Kelly O'Grady have the latest on the war.

• Mar 3

Gas prices are set to rise. Here's what you could pay at the pump.

U.S. motorists could soon see higher prices at the pump as oil prices surge following the attacks in Iran.

• Mar 2

Stocks rebound after earlier drop on concerns about Iran war impact

Stocks recovered on Monday after tumbling earlier in the day over concerns that the U.S.-Israel attacks on Iran could drive up energy costs.

• Mar 2

Oil prices spike amid war in Iran

The U.S.-Israeli war in Iran is spiking oil prices as retaliatory attacks impact production throughout the Middle East, and fears of Iran disrupting operations in the Strait of Hormuz continue. CBS News MoneyWatch correspondent Kelly O'Grady has more.

• Mar 2

Security and economic impacts of Iran war

The U.S.-Israeli military strikes on Iran and counterattacks from the Iranian government threaten to destabilize economies across the world. CBS News national security contributor Sam Vinograd and "CBS Saturday Morning" co-host Kelly O'Grady speak about the security and economic impacts.

• Mar 2

How the Strait of Hormuz impacts oil prices

Iran is attempting to shut down the global flow of oil with its threats to close the Strait of Hormuz, which is the only waterway connecting the Persian Gulf to the Gulf of Oman. CBS News MoneyWatch correspondent Kelly O'Grady has more.

• Mar 1

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