Trump threatens Oman, Iran war in stalemate as 60-day talks window ends
The 60-day deadline for the U.S. and Iran to negotiate a peace deal and reopen the Strait of Hormuz expired, with no agreement in sight.
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The 60-day deadline for the U.S. and Iran to negotiate a peace deal and reopen the Strait of Hormuz expired, with no agreement in sight.
The U.S. and Iran remain in a stalemate as the 60-day negotiation period expires, and access to the Strait of Hormuz remains unclear. Emily Peck, a markets correspondent for Axios, joins with more.
Meanwhile, Israel is being condemned by Lebanese leaders for strikes in the south that killed at least 11 people, including children.
A new CBS News poll found 69% of Americans are not satisfied with how the economy is working. With the Iran war in its sixth month, there's still pain at the pump. Aaron Navarro has more.
Tehran has asserted that the Strait of Hormuz is "under Iran's control and management" after President Trump said the U.S. might "keep it."
President Trump said Wednesday that the U.S. has "total control" over the Strait of Hormuz, writing on social media: "I THINK WE WILL KEEP IT."
The U.S. and Iran are close to agreeing on "some sort of arrangement," Pakistan's defense minister told Bloomberg on Tuesday.
President Trump signaled he would be piling economic pressure on Iran as the stalemate continued and Tehran laid out new conditions to reopen the Strait of Hormuz.
The death toll is one of the highest among Russian civilians in recent months, as Ukraine seeks to disrupt Russia's oil supply.
Oil prices are rising as uncertainty over the war in Iran continues, despite apparent progress in talks over the Strait of Hormuz. CBS News contributor Javier David has more.
The cost of the war with Iran on taxpayers continues to grow, not only to finance the Pentagon's plans, but at the pump. Taurean Small has more.
The United Arab Emirates' Abu Dhabi National Oil Company said one of its ships was targeted while transiting the strait.
Since the start of Russia's full-scale invasion of Ukraine, there have been various cases of Ukrainian drones straying into NATO airspace.
The secretary of state said progress has been made in the Iran-Oman talks but that no final agreement has been reached, adding, "We're hoping that will happen very shortly."
Oil prices dropped Monday after President Trump called off an apparent strike on Iran, and then said the U.S. was starting diplomatic talks. Iran denied the claim. David Uberti, a reporter for The Wall Street Journal, has more.
President Trump said negotiations with Iran are set to begin Monday after announcing Saturday night that he canceled a pending attack on Iran.
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Oil prices fell on Monday as President Trump's decision to pause strikes on Iran fueled hopes for diplomacy. Meanwhile, top tech stocks including Amazon and Meta are preparing for the release of their new earnings reports. Yahoo Finance reporter Brooke DiPalma joins CBS News to discuss.
Crude prices dropped as the U.S. Ambassador to the UN said suspension of attacks is aimed at finding a diplomatic solution.
Global oil prices are hovering around $90 per barrel as the U.S.-Iran conflict remains volatile. Meanwhile, the Federal Reserve is set to make an interest rate decision on Wednesday. Madison Mills, a senior AI reporter for Axios, joins with more.
Talks between Oman and Iran on reopening the Strait of Hormuz and their respective territorial waterways have made progress, two sources told CBS News.
The escalating war with Iran is threatening even higher energy costs for Americans as many are already struggling with affordability. Olivia Gazis reports.
The U.S. moves more refueling planes to the Mideast and adds medics at a major military hospital as the war with Iran spreads to another key waterway.
The last time global oil prices settled above $100 was on May 22, data from FactSet shows.
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The bill was championed by GOP Sen. Lindsey Graham, who died suddenly just one day after announcing a deal had been reached with the White House to move forward.
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