U.S. concludes another night of Iran strikes amid battle over Strait of Hormuz
Iran said it would attack "all infrastructure in the region" if President Trump follows through on his threats to attack Iranian civilian infrastructure.
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Iran said it would attack "all infrastructure in the region" if President Trump follows through on his threats to attack Iranian civilian infrastructure.
U.S. airlines say higher jet fuel prices are costing them billions more than they anticipated at the beginning of the year.
As the U.S. restarts its Iran blockade and carries out more strikes, President Trump has called off a planned 20% fee on shipping through the Strait of Hormuz.
Industry insiders say "there is no legal basis" for Trump to impose a 20% fee on cargo transiting the Strait of Hormuz, something he now says he's decided not to do.
Oil prices rose on Monday as the conflict between the U.S. and Iran intensified days after President Trump declared the countries' ceasefire agreement to be over. Iran claimed the Strait of Hormuz was closed as both sides exchanged more strikes over the weekend. Kristin Myers, ETF editor-in-chief at ASSET TV, joins CBS News to share her predictions.
As the agriculture industry in Louisiana contends with major energy cost hikes brought on by the Iran war, some farmers are unsure if their businesses will survive.
The ripples of the Iran conflict are starting to appear in unexpected ways. High energy costs are putting new pressure on America's farmers. Mark Strassmann has more.
Prices at the pump sank following a June ceasefire. But renewed conflict in the Middle East and other factors are driving fuel costs back up.
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 prices are reacting to the re-escalation of the conflict between the U.S. and Iran. CBS News business analyst Jill Schlesinger has more.
The Freedom Fuel Network is offering gasoline for more than 30 cents a gallon below the national average.
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.
Oil prices jumped 6% while U.S. stocks fell as renewed Middle East conflict threatens crude shipments through the Strait of Hormuz.
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.
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.
Antitrust regulators suggested that state attorneys general could assist in investigating unlawful conduct by companies.
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.
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?
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 denied its negotiators would be meeting with U.S. officials in Qatar after President Trump announced the talks would resume at Tehran's request.
Iran launched drone and missile attacks targeting Kuwait and Bahrain on Sunday after the U.S. and Iran traded attacks earlier over the weekend.
The Islamic Revolutionary Guard Corps struck a cargo ship near Oman on Thursday, further complicating the Iran-U.S. negotiations.
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.
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.
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.