Breaking down OPEC and its influence
President Trump gave his endorsement to the United Arab Emirates' decision to leave the Organization of the Petroleum Exporting Countries, or OPEC, on Wednesday. "The Daily Report" breaks it down.
Oil and Gas
Oil prices hit wartime peak, with Brent crude touching $126 a barrel
Brent crude surged past $126 a barrel early Thursday, while U.S. gasoline prices jumped to $4.30 a gallon.
No gas price relief in sight
President Trump said again on Thursday that oil and gas prices will drop after the war with Iran is over. But for now, they are back to levels last seen around the start of the war in Ukraine during the Biden administration. Jo Ling Kent reports from Los Angeles.
What could come next in U.S. war with Iran
American drivers are paying $1.32 more per gallon than they did before the Iran war. Hopes of a quick end continue to fade as U.S. and Iranian leaders remain defiant. CBS News political reporter Zak Hudak has more on what could come next.
Trump says he has upper hand in Iran war
President Trump says Iran's economy is on the brink of collapse as a stalemate plays out in the Strait of Hormuz, driving global oil and gas prices up. CBS News' Nancy Cordes reports.
Trump extends Jones Act waiver for another 90 days
The waiver lets international ships carry goods between U.S. ports and is aimed at lowering energy prices.
Strait of Hormuz stuck in limbo as Trump mulls Iran's latest offer
Oil prices continue rising as the Trump administration unenthusiastically mulls an Iranian offer to reopen the Strait of Hormuz but delay nuclear talks.
Gas prices jump to their highest level since start of Iran war
The average cost of a gallon of gasoline hit $4.18 on Tuesday, up $1.20 since the conflict in the Middle East started on Feb. 28.
United Arab Emirates says it will permanently leave OPEC on May 1
UAE officials said the decision to depart the OPEC oil cartel comes after an "extensive review" of the country's oil production policy.
Southwest CEO on fuel costs amid Iran war
On average, domestic airfare is up about 18% compared to last year. A key factor is the surging fuel costs for airlines amid the war with Iran. Now, several low-cost carriers have asked the government for help as they grapple with the high cost of fuel. Kris Van Cleave spoke with Southwest's CEO about the impact of fuel costs.
Oil prices rise as U.S. and Iran appear locked in a costly stalemate
Energy prices keep rising with no sign of progress toward a deal to end the U.S.-Iran standoff and Hezbollah rejecting the Lebanon ceasefire.
Iran's foreign minister returns to Pakistan after U.S. envoys' trip canceled
Iranian Foreign Minister Abbas Araghchi returned to Islamabad on Sunday, where he participated in talks focused on ending the war with the U.S., Iranian state media reported.
California seeing higher jet fuel prices
Airlines worldwide are taking extraordinary measures to keep flying and in business as they face soaring costs, much of it driven by the conflict with Iran. Ian Lee reports from Burbank, California.
Chevron CEO Mike Wirth on Strait of Hormuz
Chevron CEO Mike Wirth spoke with "Face the Nation" moderator Margaret Brennan about what he would need to see to feel confident sending a ship through the Strait of Hormuz.
Israel-Lebanon ceasefire extended by 3 weeks, Trump says
Following a second round of peace talks in Washington, President Trump announced that the Israel-Lebanon ceasefire had been extended by three weeks.
Iran attacks ships in Strait of Hormuz after Trump extends ceasefire
Iran renews attacks in the Strait of Hormuz after Trump says he's extending a ceasefire indefinitely, as thousands more U.S. forces head for the region.
Will gas dip below $3 a gallon this year? Here's what experts think.
It could take months for U.S. gas prices to recede to their level before the outbreak of war in Iran, economists and energy experts say.
Chart shows what you're paying for when you buy a gallon of gas
U.S. gas prices are surging as the Iran war drives up the global cost of oil. But what exactly accounts for what you pay at the pump?
Iran conflict causes travel uncertainty
Jacqui Gifford, the editor-in-chief for Travel + Leisure, breaks down how the Iran war is impacting travel and how to get the best bang for your buck on your summer vacations.
Trump and Iran trade conflicting messages over prospect of talks
Iran balked at President Trump's demands for a peace deal amid a standoff over the Strait of Hormuz, as fear the war could reignite hits oil and energy markets.
Iran may not take part in talks with U.S. representatives in Pakistan Monday
President Trump says he sent a U.S. delegation to Pakistan for another round of peace talks with Iran Monday but Tehran says it doesn't plan to participate.
Americans see some relief at the pump
President Trump accused Iran of blackmailing the U.S. on Saturday, but there is some relief for Americans. Gas prices fell, averaging just over $4 a gallon nationwide. Olivia Rinaldi reports from the White House on the war's ripple effects.
Oil prices plummet after Iran says Strait of Hormuz is "completely open"
Prices dropped after Iran's foreign minister said the Strait of Hormuz is "completely open" for the remainder of the Israel-Lebanon ceasefire.
Stocks jump as Iran says Strait is open
With word of the Strait of Hormuz reopening, the stock market soared on Friday. Oil prices dropped about 10%, and as a result, gas prices ticked downward. Kelly O'Grady breaks it all down.
Airlines cut routes in response to rising jet fuel costs amid Iran war
Rising jet fuel prices are forcing airlines to cut routes and trim schedules.
Investigation
There are more trucks on highways. But the government is inspecting them less.
A CBS News probe finds that nearly 600 people have died in crashes since 2024 with trucks operated by companies that had never had a roadside safety inspection.
Exclusive
Photos show widespread damage at U.S. positions caused by Iranian attacks
The images were sent to CBS News by active service members under condition of anonymity.
Patrick Clancy in his own words, only on 60 Minutes
This Sunday on 60 Minutes, Patrick Clancy talks about his grief, his memories of his children, and the baseless conspiracy theories that flooded social media since his ex-wife's murder trial.
House passes Russia sanctions bill, overcoming Democratic opposition
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.
Live
House speaker declares Iran nuclear issue "taken care of"
The Iran war has cost the U.S. military at least $33.4 billion — most of it on munitions — and not including hundreds of millions more spent by other agencies, the Pentagon says.
Millionaires are everywhere in the U.S., new book says
Getting rich in the U.S. is still possible, but the most common path to wealth doesn't involve working for other people, according to a new book.
Exclusive
Family blames Texas' "merciless" abortion ban for woman's death, sues Paxton, others
The family of 37-year-old Tierra Walker filed a lawsuit against Texas Attorney General Ken Paxton and others, saying she was denied an abortion that could have saved her life.
Investigation
A trusted seal made websites look legit. The weight-loss drug they sold wasn't.
Selling retatrutide commercially is prohibited by federal law. Yet, companies have promoted the drug on social media, thanks in part to being certified by LegitScript.
9th woman found dead in South Africa, adding to fears of serial killer
South African police say a ninth woman's body has been discovered in an area east of Johannesburg, adding that it could be linked to a series of killings they are investigating.
U.S.
More U.S.
2 adults and child found dead after flooding inundates New Mexico
Navajo Nation President Buu Nygren thanked first responders for working through the night in difficult and dangerous conditions as they searched for the people.
Investigation
There are more trucks on highways. But the government is inspecting them less.
A CBS News investigation finds that nearly 600 people have died in crashes since 2024 with trucks operated by companies that had never been subjected to a roadside safety inspection.
Millionaires are everywhere in the U.S., new book says
Getting rich in the U.S. is still possible, but the most common path to wealth doesn't involve working for other people, according to a new book.
5 missing women are linked to Olney home in Philadelphia. Here's what we know.
Inside the home, owned by Eugene Horsch and connected to his father, R.C. Horsch, authorities have found a trove of digital images, a so-called laboratory of chemicals and a small marijuana grow operation.
NASA spacecraft discovers moon crater bigger than Roman Colosseum
Scientists have discovered a crater on the moon that's bigger than the Roman Colosseum, the result of a powerful impact two years ago.
MoneyWatch
More MoneyWatch
Millionaires are everywhere in the U.S., new book says
Getting rich in the U.S. is still possible, but the most common path to wealth doesn't involve working for other people, according to a new book.
OpenAI reveals 6 more incidents of "unexpected or concerning" AI behavior
OpenAI has disclosed six reports of "unexpected or concerning" behavior in artificial intelligence models as the debate on AI safety becomes increasingly heated.
AI doesn't have rights or feelings, Microsoft's AI chief says
Microsoft's Mustafa Suleyman said in an essay that trying to develop AI consciousness would be "catastrophic" for humanity.
Federal Reserve raises interest rates for the first time since 2023
The Fed increased its benchmark rate by 0.25 percentage points to battle resurgent inflation driven by soaring energy prices.
Amazon raises starting pay to $20 an hour and adds Whole Foods perks
Amazon said it is increasing its minimum pay for operations workers by $1 an hour and adding grocery discounts for all U.S. employees.
Politics
More Politics
House passes Russia sanctions bill, overcoming Democratic opposition
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.
Coast Guard and FBI boarded tankers due to cyberattacks. How big is the risk?
U.S. Coast Guard personnel and FBI agents boarded two Texas-bound energy tankers last month after cyberattacks struck the vessels while they were traveling toward the United States, according to U.S. officials.
House passes bill to shield Americans from data center energy costs
The vote comes as lawmakers face increasing pressure to respond to the data center boom driven by the AI race.
ISIS-K member sentenced to 20 years in prison in case tied to Kabul bombing
An Islamic State group member was sentenced to 20 years in prison for aiding the terrorist organization that took credit for a suicide bombing that killed 13 U.S. service members and about 160 Afghans at a Kabul airport.
Virginia fines a Microsoft data center for emissions violations
As part of the settlement with Microsoft, the tech giant has agreed to invest $2.4 million toward an environmental project underway in Loudoun County.
HealthWatch
More HealthWatch
How Olympian Aly Raisman learned to advocate for her own health
In the latest episode of "Healthful," Olympic gold medalist Aly Raisman discusses what she's learned about speaking up for herself and taking care of her body.
Investigation
A trusted seal made websites look legit. The weight-loss drug they sold wasn't.
Selling retatrutide commercially is prohibited by federal law. Yet, companies have promoted the drug on social media, thanks in part to being certified by LegitScript.
Outcome of employment lawsuit could promote use of skimpy health plans
A long-running lawsuit challenging what it means to be an employee and therefore have access to work-based health plans is being closely watched by health policy analysts.
Pennsylvania woman dies of measles complications, coroner reports
A 40-year-old woman died on Saturday from complications associated with measles, the coroner reported.
Strange symptom and a "weird" referral led to surprise Stage 4 cancer diagnosis
Kate Ping thought she was just stressed out. A nurse practitioner's surprising recommendation led to a shocking diagnosis.
World
More World
9th woman found dead in South Africa, adding to fears of serial killer
South African police say a ninth woman's body has been discovered in an area east of Johannesburg, adding that it could be linked to a series of killings they are investigating.
House passes Russia sanctions bill, overcoming Democratic opposition
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.
Coast Guard and FBI boarded tankers due to cyberattacks. How big is the risk?
U.S. Coast Guard personnel and FBI agents boarded two Texas-bound energy tankers last month after cyberattacks struck the vessels while they were traveling toward the United States, according to U.S. officials.
ISIS-K member sentenced to 20 years in prison in case tied to Kabul bombing
An Islamic State group member was sentenced to 20 years in prison for aiding the terrorist organization that took credit for a suicide bombing that killed 13 U.S. service members and about 160 Afghans at a Kabul airport.
Village votes to leave U.K. in symbolic protest of plan to house asylum seekers
Residents of Piddington voted overwhelmingly to leave the United Kingdom in a symbolic referendum over plans to house asylum seekers nearby.
Entertainment
More Entertainment
Entertainment
Sheeran torched over Macklemore tour ousting
Ed Sheeran is facing intense public backlash after rapper Macklemore, who was set to open his upcoming tour dates, was dropped from the production over pro-Palestine comments. CBS News' Shanelle Kaul reports and Alex Suskind, news director at online music magazine Pitchfork, joins "The Daily Report" to discuss.
Judge Judy's son takes up the gavel in new show
Judge Judy has been a staple of daytime TV for 30 years, but now televised courts are becoming a family affair with her son, Adam Levy, picking up the gavel and donning the robe for "Adam's Law." Judge Levy joins CBS News to preview the new show.
Ed Sheeran speaks out on Macklemore decision
Ed Sheeran spoke out Tuesday after facing backlash for dropping Macklemore from his tour following the rapper's pro-Palestinian statements onstage. Shanelle Kaul reports.
Ed Sheeran breaks silence amid controversy
The rapper Macklemore was bumped from Ed Sheeran's U.S. concert tour for pro-Palestinian comments that some say crossed a line into prejudice. Now, four additional supporting acts have quit in solidarity and the headliner has addressed the controversy. Carter Evans reports.
Ed Sheeran's supporting acts pull out of tour after Macklemore was dropped
Aaron Rowe, Beoga, Lukas Graham and Finneas all released statements Tuesday on Instagram saying they were withdrawing from Ed Sheeran's tour.
Technology
More Technology
House passes bill to shield Americans from data center energy costs
The vote comes as lawmakers face increasing pressure to respond to the data center boom driven by the AI race.
Reporter's first impressions of iPhone Duo
Apple has announced its first foldable iPhone called the Duo. While pre-orders for the nearly-$2,000 phone are just a month away, some people got their hands on it at Apple's launch event. CNET senior technology reporter Abrar Al-Heeti was one of them and joins CBS News to discuss.
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.
Alabama attorney general candidate on AI, more
House lawmakers are heading home for recess until after the midterms, leaving artificial intelligence regulation still stalled in Congress. Alabama Republican candidate for attorney general Katherine Robertson, who is currently leading a state investigation into OpenAI, joins "The Takeout" to discuss.
AI doesn't have rights or feelings, Microsoft's AI chief says
Microsoft's Mustafa Suleyman said in an essay that trying to develop AI consciousness would be "catastrophic" for humanity.
Science
More Science
Humpback whale seen grieving dead calf in rare footage
The footage shows a female humpback whale staying close to the dead calf as it lies motionless on the seafloor, touching it with its head and fin.
Remains of ancient warhorse given honorific burial discovered in Egypt
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
Anthropic CEO says "exponential" growth of AI is a "warning sign"
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
First-ever adult T. rex trackway found in North Dakota
Paleontologists have identified the first known trackway made by a full-grown Tyrannosaurus rex, and the discovery was made in the North Dakota badlands.
Ig Nobel prizes go to scientists studying cockroach milk, nose-blowing, more
Ten research teams were honored at a satirical science awards ceremony that was hosted outside the U.S. for the first time due to travel concerns. A study of cockroach milk was among the winners.
Crime
More Crime
I slept in the room where Lizzie Borden's stepmom was killed. Here's what I found.
In 2019, a brave team of "48 Hours producers" traveled to Fall River, Massachusetts, to spend the night in the house where Andrew and Abby Borden were found brutally murdered.
9th woman found dead in South Africa, adding to fears of serial killer
South African police say a ninth woman's body has been discovered in an area east of Johannesburg, adding that it could be linked to a series of killings they are investigating.
5 missing women are linked to Olney home in Philadelphia. Here's what we know.
Inside the home, owned by Eugene Horsch and connected to his father, R.C. Horsch, authorities have found a trove of digital images, a so-called laboratory of chemicals and a small marijuana grow operation.
Patrick Clancy sits down with 60 Minutes
Patrick Clancy spoke with 60 Minutes this week. Shanelle Kaul has a preview of the story, which airs Sunday.
U.S. probing suspected cyberattack on tanker
The FBI and the Coast Guard are investigating a giant oil tanker on its way to Texas that may have been taken over by a cyberattack. Iranian state media claims hackers had control of the ship's propellers, raising concern that these giant vessels could be used as weapons. Nicole Sganga reports.
Space
More Space
NASA spacecraft discovers moon crater bigger than Roman Colosseum
Scientists have discovered a crater on the moon that's bigger than the Roman Colosseum, the result of a powerful impact two years ago.
NASA launches its Roman Space Telescope to explore the hidden universe
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
Roman Space Telescope promises 300-megapixel views of the cosmos
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
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.
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.
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.
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.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Will the AI Bubble Hit Your Wallet?
Artificial intelligence is on everyone's lips these days—but what does it actually mean for your wallet? Jill and Mark are breaking down what you need to know about AI and your portfolio, including how to protect yourself from potential market turmoil. Plus, Jill and Mark help caller Cody prepare for a major career shift.
Patrick Clancy sits down with 60 Minutes
Patrick Clancy spoke with 60 Minutes this week. Shanelle Kaul has a preview of the story, which airs Sunday.
Sheeran torched over Macklemore tour ousting
Ed Sheeran is facing intense public backlash after rapper Macklemore, who was set to open his upcoming tour dates, was dropped from the production over pro-Palestine comments. CBS News' Shanelle Kaul reports and Alex Suskind, news director at online music magazine Pitchfork, joins "The Daily Report" to discuss.
Musk's DOGE spent billions cutting jobs
A new report from the Government Accountability Office shows federal agencies spent $9.5 billion on administrative leave costs in 2025, an increase spurred by the DOGE push to cut down the federal workforce. CBS News' Aaron Navarro has more.
Golden retriever tries to play with intruder
A golden retriever got his big chance to be a guard dog, but instead of guarding, Nash tried to play with the intruder. Tony Dokoupil has the story.