Jet fuel prices have dropped. Why are air fares still so high?
Lower jet fuel costs spell relief for airlines. But that doesn't mean they'll pass savings onto customers by lowering airfares, experts said.
Oil and Gas
Oil prices seesaw amid U.S.-Iran tensions
Oil prices are reacting to the re-escalation of the conflict between the U.S. and Iran. CBS News business analyst Jill Schlesinger has more.
White House announces "Freedom Fuel" gas station selling $3.47 gasoline
The Freedom Fuel Network is offering gasoline for more than 30 cents a gallon below the national average.
Analysis of Trump revoking Iran's oil waver
The rise in oil prices comes after the Trump administration on Tuesday revoked a waiver that allowed Iran to sell oil. CBS News coordinating producer Richard Escobedo has more.
Stocks slide, oil surges after Trump says Iran ceasefire is over
Oil prices jumped 6% while U.S. stocks fell as renewed Middle East conflict threatens crude shipments through the Strait of Hormuz.
Oil prices up after Trump says ceasefire over
President Trump called negotiations with Iran "a waste of time" and said the ceasefire with Iran is over, shocking the stock market and spiking gas prices in reaction to the renewed unrest in the Middle East. Kelly O'Grady has more.
Trump says U.S. will win war "one way or the other" as Iran holds Khamenei's funeral
The U.S. is "going to win one way or the other," President Trump said Monday, as Iran held a colossal public funeral for its slain supreme leader.
U.S. says it's monitoring oil markets for price-fixing, urges states to do same
Antitrust regulators suggested that state attorneys general could assist in investigating unlawful conduct by companies.
Trump lauds "very good meetings" as indirect U.S.-Iran talks resume
Vance says the U.S. has accomplished its "core mission" in Iran, as Steve Witkoff and Jared Kushner meet mediators in Qatar, but not Iranians.
How Iran could try to control the Strait of Hormuz — and profit from it
Some experts say the Strait of Hormuz will not return to its pre-war state, so what could the future of this vital shipping lane look like?
Iran's top negotiator says country ready for war as peace talks inch along
A long-term U.S.-Iran peace deal may depend on a separate agreement between Israel and Lebanon. Analysts say that presents a problem.
Iran calls Strait of Hormuz situation "sensitive and complex" amid shaky ceasefire
Iran denied its negotiators would be meeting with U.S. officials in Qatar after President Trump announced the talks would resume at Tehran's request.
U.S. official says talks will resume after Iran threatens to walk away
Iran launched drone and missile attacks targeting Kuwait and Bahrain on Sunday after the U.S. and Iran traded attacks earlier over the weekend.
Iran strikes vessel in Strait of Hormuz amid debate over "transit fees"
The Islamic Revolutionary Guard Corps struck a cargo ship near Oman on Thursday, further complicating the Iran-U.S. negotiations.
Oil prices fall close to pre-war levels
As more ships resume passage through the Strait of Hormuz, oil prices are falling to near pre-war levels, but Americans are not seeing the same trend at the gas pump. CBS News contributor Javier David has more.
Trump tells DOJ to probe oil prices
President Trump says he ordered the Justice Department to investigate alleged gas price gouging amid negotiations with Iran. Meanwhile, new details have emerged on Bill Gates' congressional testimony about his links to Jeffrey Epstein. CBS News' Nikole Killion and Caitlin Huey-Burns report.
U.S. to temporarily lift Iran oil sanctions
The U.S. Treasury Department issued a two-month license for Iran to produce, sell and deliver oil without placing U.S. penalties on buyers. The agreement is in exchange for what the White House called progress in negotiations. Weijia Jiang reports.
Oil prices drop amid possible U.S.-Iran deal
Oil prices dropped on Monday amid updates from Vice President JD Vance on progress between the U.S. and Iran toward a deal. Jennifer Sor, a markets reporter for Business Insider, joins with more.
Americans concerned about costs of Iran war
With gas prices still higher than last year and inflation stretching household budgets thin, many Americans are facing high financial stress. A recent CBS News poll shows that most Americans think the Iran war is not worth its cost. Political strategists Harrison Fields and Jonae Wartel discuss.
Energy analysts weigh in on gas prices
On "Face the Nation with Margaret Brennan," energy analyst Kevin Book says it could take "a while" for gas prices to return to pre-Iran war levels, pointing to uncertainty and depleted oil reserves. And Biden-era adviser Amos Hochstein discusses how the U.S.-Iran deal could impact Iranian oil revenue.
How strait blockade changed energy trade
President Trump said the Strait of Hormuz will reopen within "the next day or two." Semafor climate & energy editor Tim McDonnell explains why global energy trade will never be the same, even when the strait reopens.
Despite Trump's assurances, shippers wait and see on Strait of Hormuz
President Trump says there's a "safe, secure and pristine" route through the Strait of Hormuz, but major shipping companies aren't convinced.
Oil prices sink, stocks soar after Trump announces deal with Iran
Markets rally on expectations that the agreement will ease global energy supply concerns, though analysts warn gas prices may remain elevated for some time.
How soon will gas prices to go down?
Oil prices slid and stock markets rose on Monday after President Trump's announcement that the U.S. and Iran reached a deal. CBS News contributor Javier David has more.
Trump says "settlement" reached on Iran, signing could happen this weekend
President Trump said earlier Thursday he called off new military strikes on Iran, hours after threatening to escalate the war.
More than 1,000 missing, including 65 Americans, as Nepal flood deaths mount
More than 1,000 people, including many Americans, are still missing along the Nepal-China border after deadly floods and mudflows likely triggered by a glacial collapse.
Judge temporarily blocks new Postal Service rules for mail voting
A federal judge on Thursday temporarily blocked the U.S. Postal Service from enforcing its new requirements for mail voting for the November midterm elections.
Live
Iran says Strait of Hormuz agreement with Oman puts ball back in U.S. court
As U.S. economic pressure bites, Iran touts a plan with Oman to get ships moving through the Strait of Hormuz and suggests the next move is Trump's.
Key moments from Lindsay Clancy's trial as jury weighs the case
Lindsay Clancy, 36, has pleaded not guilty to first-degree murder in the deaths of her three children and said she was suffering form postpartum psychosis. A jury is deliberating.
Judge rules Trump administration illegally punished AI firm Anthropic
A judge barred the Trump administration from enforcing a set of rules aimed at cutting off Anthropic from the federal government, ruling the administration had unconstitutionally punished the AI company for protected speech.
Fired Stars and Stripes journalists sue Hegseth and Pentagon spokesperson
The plaintiffs say the Trump administration is trying to fire them as a part of its "extraordinary censorship efforts."
U.S. military uses laser to shoot down 3 cartel drones at southern border, Pentagon says
The U.S. military this week used a laser to shoot down three drones along the U.S.-Mexico border that were allegedly operated by drug cartels, the Pentagon said.
Trump signs executive order to rename Lake Ontario "Lake America"
The executive order directs the Interior Department to update the Geographic Names Information System, changing the name of Lake Ontario to Lake America.
ICE grants $16.7 million contract to buy thousands of electric shock gloves
ICE has granted a $16.7 million no-bid contract for 6,000 gloves that can deliver electric shocks, a new use-of-force tool that the agency claims will help officers control resisting detainees.
U.S.
More U.S.
U.S. military uses laser to shoot down 3 cartel drones at southern border, Pentagon says
The U.S. military this week used a laser to shoot down three drones along the U.S.-Mexico border that were allegedly operated by drug cartels, the Pentagon said.
El-Sayed says he's spoken with Jeremy Moss after Hasan Piker's comments
Abdul El-Sayed, the Democratic nominee in Michigan's U.S. Senate race, says now is the time for Democrats to work together ahead of the 2026 midterm election.
Cyclospora outbreak tied to 3 more states, FDA says
U.S. officials have confirmed cases of a parasitic illness tied to lettuce in three more states: Georgia, Tennessee and Texas.
Closing arguments in trial of man accused in Tupac's murder expected Monday
Both sides have rested in the murder trial of Duane "Keffe D" Davis, who prosecutors allege orchestrated the 1996 murder of Tupac Shakur.
Marine One's warning calls before mishap went unheard by air traffic controllers
The NTSB said tower recordings show controllers never heard Marine One's Aug. 4 calls warning it was preparing to take off, though separate recordings confirm the calls were made.
MoneyWatch
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OpenAI, Anthropic warn AI cyberattacks could surge in coming months
Hospitals, technology firms and other companies could soon be at risk from AI-enabled cyberattacks, according to a new open letter from more than 100 signatories.
Netflix offers extended pre-launch look at Grand Theft Auto 6
The latest GTA game is scheduled to drop on Nov. 19, more than 13 years after the last installment was released.
Fed's Cook responds to Trump firing threat, calls attacks "unfounded and untrue"
A lawyer for Federal Reserve Governor Lisa Cook said she "has never committed mortgage fraud or any intentional wrongdoing."
Trump's oil and gas stock trades continued during Iran war, filings show
President Trump has accused oil companies like Chevron and ExxonMobil of "making too much money." He owns shares of both.
Bill Gates issues stark warning about AI's impact on American jobs
In a nearly 6,000-word essay, Gates argues that artificial intelligence poses a mounting threat to U.S. workers.
Politics
More Politics
U.S. military uses laser to shoot down 3 cartel drones at southern border, Pentagon says
The U.S. military this week used a laser to shoot down three drones along the U.S.-Mexico border that were allegedly operated by drug cartels, the Pentagon said.
Judge rules Trump administration illegally punished AI firm Anthropic
A judge barred the Trump administration from enforcing a set of rules aimed at cutting off Anthropic from the federal government, ruling the administration had unconstitutionally punished the AI company for protected speech.
Judge temporarily blocks new Postal Service rules for mail voting
A federal judge on Thursday temporarily blocked the U.S. Postal Service from enforcing its new requirements for mail voting for the November midterm elections.
El-Sayed says he's spoken with Jeremy Moss after Hasan Piker's comments
Abdul El-Sayed, the Democratic nominee in Michigan's U.S. Senate race, says now is the time for Democrats to work together ahead of the 2026 midterm election.
ICE grants $16.7 million contract to buy thousands of electric shock gloves
ICE has granted a $16.7 million no-bid contract for 6,000 gloves that can deliver electric shocks, a new use-of-force tool that the agency claims will help officers control resisting detainees.
HealthWatch
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Cyclospora outbreak tied to 3 more states, FDA says
U.S. officials have confirmed cases of a parasitic illness tied to lettuce in three more states: Georgia, Tennessee and Texas.
FDA approves new pancreatic cancer drug that could extend patients' lives
Patients taking the first-of-a-kind pill, called daraxonrasib, lived for a median of 13.2 months compared with 6.7 months for chemotherapy recipients, studies showed.
Secrets of the gut microbiome and how it impacts our long-term brain health
Dr. Laura Cox, an assistant professor at Brigham and Women's Hospital and Harvard Medical School, explains how our dietary patterns play a significant role in our gut and long-term brain health.
Pennsylvania records first 2 measles deaths in 35 years
Pennsylvania has recorded its first two deaths connected to measles in 35 years.
At least 1 in 4 ex-NFL players who died from 2016 to 2021 had CTE, study finds
The rate is much higher than is seen in the general population. CTE is a brain disease linked to repeated blows to the head.
World
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Toronto mayor calls tariff fight "unnecessary"
Toronto Mayor Olivia Chow told CBS News that around 5,000 jobs in Toronto's textile, clothing and leather manufacturing industries could be affected, which "means the price of Americans buying things, the cost will go up."
Nepal flood highlights glacier risks in warming Himalayas: "The new normal"
The deadly flash flood in Nepal was likely caused by a huge chunk of a glacier that broke off and temporarily dammed a river, according to preliminary investigations by scientists.
UEFA preparing criminal complaint against FIFA leader Gianni Infantino
UEFA said it is preparing a criminal complaint in Swiss courts against FIFA's Gianni Infantino over possible financial mismanagement related to his failed plan to sell future World Cup profits to private investors.
Ratko Mladic, so-called "Butcher of Bosnia," dies in prison at 84
The Bosnian Serb general oversaw atrocities in Bosnia in the 1990s. He was sentenced to life in prison in 2017.
Ancient gold treasures stolen from museum in "super-fast" raid
The treasure was discovered in 1963 by archaeologist Jose Maria Soler in a vessel sunk in a dried-out riverbed in Villena.
Entertainment
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Entertainment
Exclusive look at Grand Theft Auto VI
Netflix is sharing a look at the highly anticipated video game Grand Theft Auto VI, set to be released in November. Jordan Minor, a gaming writer at PCMag and author of "Video Game of the Year," joins "The Daily Report."
How Dolly Parton supported the Black community
Nashville historian David Ewing joins "The Daily Report" to break down how Dolly Parton used her royalties from Whitney Houston's rendition of "I Will Always Love You" to uplift the Black community in the city.
Closing arguments in trial of man accused in Tupac's murder expected Monday
Both sides have rested in the murder trial of Duane "Keffe D" Davis, who prosecutors allege orchestrated the 1996 murder of Tupac Shakur.
Dolly Parton offered to try experimental drugs if "no hope" in her cancer battle
"She told me recently that if there was no hope for her, she would still allow her medical team to try experimental drugs in the hope of helping others in the future," Stella Parton said in a Facebook post.
Netflix offers extended pre-launch look at Grand Theft Auto 6
The latest GTA game is scheduled to drop on Nov. 19, more than 13 years after the last installment was released.
Technology
More Technology
OpenAI, Anthropic warn AI cyberattacks could surge in coming months
Hospitals, technology firms and other companies could soon be at risk from AI-enabled cyberattacks, according to a new open letter from more than 100 signatories.
Bill Gates' dire warning about AI
Microsoft founder and computer pioneer Bill Gates changed the world forever with his technological innovation. Now, Gates is warning that the development of artificial intelligence without strong oversight and regulation could threaten society as we know it. MIT professor Max Tegmark shares his concerns.
How AI powered robots are helping small farms
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.
Meta settles social media addiction suit
A series of lawsuits accused tech giant Meta of purposefully designing social media apps to entice users and cause social media addiction. Meta will pay out $17 billion in a landmark settlement. CBS News' Jarred Hill reports.
Why does the Meta settlement matter?
Meta's multi-billion dollar settlement with 47 states over social media addiction could result in some major changes to social media rules, especially for children. Nicholas Thompson, CEO of The Atlantic, joins with more.
Science
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Invasive Joro spiders are "slowly spreading." Here's what to do if you see one.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Views of the total solar eclipse in Europe
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
Europe sees total solar eclipse
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Crime
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Crime
Why some Clancy trial jurors won't deliberate
Jurors began deliberations in Lindsay Clancy's murder trial on Thursday after the prosecution and defense wrapped closing arguments. Boston criminal defense attorney and legal analyst Elyse Hershon joins CBS News to discuss.
Jury to consider lesser charges in Clancy trial
The judge in Lindsay Clancy's trial directed jurors to consider lesser criminal charges in addition to first-degree murder as deliberations began on Thursday. CBS News legal contributor Jessica Levinson has more.
Sailboat theft ends in deadly shootout
What started with the theft of a luxury sailboat near the foot of Manhattan ended with a deadly police shootout in Rhode Island. Tom Hanson has the details.
Closing arguments in trial of man accused in Tupac's murder expected Monday
Both sides have rested in the murder trial of Duane "Keffe D" Davis, who prosecutors allege orchestrated the 1996 murder of Tupac Shakur.
Jury deliberating in Lindsay Clancy's trial
Lawyers made their closing arguments in Lindsay Clancy's trial on Thursday. The prosecution argued that she not only killed her three young children, but planned the murder and knew it was wrong. The defense called Clancy a woman who lived for her children and had been crying out for help that never came. Shanelle Kaul has more from the Massachusetts courthouse and Caroline Polisi breaks it down.
Space
More Space
First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
New space object called "black hole star" discovered by astronomers
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
Stunning photos show total solar eclipse over Europe
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
Latest Galleries
More Latest Galleries
Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Summer music highlights of 2026
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.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
DOJ in court over Kennedy Center and Trump again
The Kennedy Center Board, made up of President Trump and his allies, is again fighting to display Mr. Trump's name on the building's facade. CBS News Justice Department reporter Jake Rosen has the latest on Thursday's court hearing.
Why some Clancy trial jurors won't deliberate
Jurors began deliberations in Lindsay Clancy's murder trial on Thursday after the prosecution and defense wrapped closing arguments. Boston criminal defense attorney and legal analyst Elyse Hershon joins CBS News to discuss.
NFL teams finalize rosters ahead of season
Tyler Dragon, an NFL reporter at USA Today, joins "The Daily Report" to break down what to expect from the upcoming football season.
Exclusive look at Grand Theft Auto VI
Netflix is sharing a look at the highly anticipated video game Grand Theft Auto VI, set to be released in November. Jordan Minor, a gaming writer at PCMag and author of "Video Game of the Year," joins "The Daily Report."
Jury to consider lesser charges in Clancy trial
The judge in Lindsay Clancy's trial directed jurors to consider lesser criminal charges in addition to first-degree murder as deliberations began on Thursday. CBS News legal contributor Jessica Levinson has more.