Trump threatens Iran strikes, says it's too soon for new direct talks
Trump threatens Iran with "higher level" strikes if it won't accept a peace deal, but says it's too soon for direct talks after reporting diplomatic progress.
Oil and Gas
Gas prices top $4.50 a gallon, reaching highest level since July 2022
Gas prices are now 52% higher than prior to the Iran war, with drivers paying $1.56 more per gallon, data shows.
Vance addresses Iowa's farmers
Vice President JD Vance visited Iowa and spoke directly to farmers who are experiencing turbulent financial times amid inflation and the Iran war. CBS News' Lana Zak reports.
U.S.-Iran ceasefire holds for now, Hegseth says, as Trump looks to finalize deal
Hegseth said the ceasefire with Iran "certainly holds" for now after a naval clash between Iranian and U.S. forces and renewed attacks on the UAE.
Trump argues rising gas prices are worth war
Iran's leverage depends on President Trump feeling political pressure at home. Gas prices are up and support for the war is not. Ed O'Keefe reports on domestic pressure on the Trump administration.
U.S. sinks 7 Iranian boats as Iran attacks UAE, ships in Strait of Hormuz
Iran launched attacks on the UAE and tankers in the Strait of Hormuz while the U.S. destroyed Iranian boats "that attempted to interfere" with Project Freedom.
Trump administration struggles on gas prices
The White House has not said definitively when gas prices are expected to drop. CBS News' Ed O'Keefe has the latest.
U.S. beginning effort to guide stranded ships through Strait of Hormuz
President Trump announced the U.S. would "guide" ships not involved in the war with Iran out of the Strait of Hormuz. A U.S.-led task force says it has started the operation.
Chevron CEO on energy prices
In an interview on April 23, Chevron CEO Mike Wirth told "Face the Nation with Margaret Brennan" that it's "very hard to predict" the Iran war's lasting impact on energy prices "because markets are dynamic. They can respond to things that we don't anticipate."
Hassett on energy shocks affecting airlines
White House National Economic Council Director Kevin Hassett told "Face the Nation with Margaret Brennan" that although Spirit Airlines said rising fuel prices had contributed to its demise, "energy shocks don't have a big effect" on other airlines' business. But he acknowledged that "certainly, that will affect the profits for the airlines for a quarter or so."
Rising gas prices highlight political concern
Saturday marked 61 days since the start of the war with Iran, and gas prices continue to soar. Olivia Gazis reports on how rising prices are causing new political issues for President Trump.
Trump rejects Iran's latest peace proposal
President Trump rejected Iran's latest proposal for a peace deal on Friday, saying he was "not satisfied." Meanwhile, gas prices have hit a four-year high, according to AAA.
Exxon Mobil, Chevron earnings analysis
Earnings reports for Exxon Mobil and Chevron showed a decrease in profits during the last fiscal quarter due to Iran war disruptions. Despite the loss on paper, both U.S. oil giants topped Wall Street expectations when it came to revenue for the three month period ending March 31. CBS News business contributor Javier David has more.
Gas prices get worse as Iran war lingers on
The Iran war has reached the 60-day mark, as data shows gas prices setting a concerning record. CBS News' Natalie Brand and Kelly O'Grady report.
Iran sends U.S. revised proposal for talks
Iran delivered a revised response to the latest U.S. amendments on an agreement to end the war, Pakistan officials tell CBS News. Imtiaz Tyab reports.
Trump makes new promises on gas prices
President Trump is promising that gas prices will drop as the U.S. seeks a resolution in the Iran war. CBS News' Nancy Cordes reports.
Iran war pushes oil prices to 4-year high as Hegseth faces lawmakers
Oil prices hit a 4-year high as Axios reports Trump will hear new options to try to break the Strait of Hormuz standoff with Iran with a new wave of attacks.
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 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.
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Live
Vance appears to soften U.S. demands on Iranian nuclear enrichment
Investigation
Congress tried to stop surprise medical bills. It created another problem.
Trump pitches Trump International Golf Course for site of "presidential retreat"
FBI concerned alleged Chinese agent is serious flight risk, sources say
