Iran says it's considering ceasefire counterproposal
Iranian state media said the regime has received a full U.S. response to its proposal for a ceasefire and the phased reopening of the Strait of Hormuz.
Oil and Gas
Sununu addresses high airline fares
Flight costs have skyrocketed as President Trump's war in Iran causes oil prices to soar. Former New Hampshire Gov. Chris Sununu is the President and CEO of airline lobbying group Airlines for America. Sununu shares his thoughts on high prices and the state of the airline industry.
Iran says it expects response to ceasefire plan already rejected by Trump
President Trump says U.S. and Iranian negotiators are talking via mediators, but insists he has "offered them NOTHING" to get a peace deal done.
Inflation pushes Trump approval ratings down
High inflation and high gas prices due to the war with Iran have pushed President Trump's approval ratings on the economy to near-record lows, which is causing headwinds for Republican candidates running this November. Nancy Cordes reports.
Holiday airfares soar to 10-year high. Here's how to save on flights.
Airfares for round-trip U.S. flights have jumped 31% compared to the same period last year, and tickets are likely to get pricier, according to a new analysis.
Alito recuses himself from major case on climate change and fossil fuels
The Supreme Court will soon hear arguments in the major climate change lawsuit between two energy companies and the city and county of Boulder, Colorado.
Trump expects talks with Iran to resume this week after rejecting proposal
Iran had presented a seven-day plan to reopen the Strait of Hormuz and return to negotiations for a lasting end to the war.
Trump touts "great friendship" with China's Xi
President Trump touted his "truly great friendship" with Chinese President Xi Jinping during the state visit on Thursday even as issues like AI and trade linger. Nancy Cordes has the details, while retired Lt. Gen. H.R. McMaster also joins with his reaction.
Oil prices back up as U.S. and Iran trade threats to expand 7-month war
As Iran responds to Trump's threat of annihilation with its own warning of a possible "new front" in the war, global oil prices are rising again.
Iran's president in N.Y. as Trump weighs cutting deal or driving Iran "into hell"
President Trump told the U.N. he's deciding whether to make a deal or drive Iran "into hell." Iran's president is slated to address the world body today, Iranian state media say.
U.N. experts say U.S. may have committed war crimes with 2 Iran strikes
U.N.-commissioned rights experts say there are "reasonable grounds" to believe the U.S. committed war crimes with strikes that killed scores of Iranian civilians.
Cuban deputy foreign minister on oil blockade
Cuba's power grid collapsed on Friday, leaving millions on the island without electricity, marking the sixth known outage since President Trump cut off fuel to the country in January. CBS News chief correspondent Matt Gutman spoke with Cuban Deputy Foreign Minister Carlos Fernández de Cossio about the blockade.
High prices squeezing American farmers
America's farmers face a tough harvest this year with trade wars, tariffs and inflation all taking a toll. The cost of diesel hit a new record, averaging $6.50 a gallon, nearly a dollar higher than last month. Lana Zak reports from North Liberty, Iowa.
U.S. embassies across Middle East issue security alerts for Americans
The alerts did not cite a specific threat, but called for Americans to "exercise heightened vigilance."
No relief in sight for U.S. drivers as gas and diesel prices surge
The Iran war and Russia-Ukraine conflict are knocking out global refining capacity, pushing fuel prices higher, analysts said.
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.
Fed raises interest rates amid rising prices
The Federal Reserve raised interest rates for the first time in three years on Wednesday, a sign of concern about rising prices. Meanwhile, the cost of diesel fuel hit a new record on Wednesday, for the eighth day in a row. Nancy Cordes reports on rising prices and Kelly O'Grady has more details on the Fed's decision.
Why the Fed hiked rates this month
The Federal Reserve changed course and raised interest rates Wednesday for the first time since 2023. The rate hike will be an increase of 0.25 percentage points, bringing its target range to between 3.75% and 4%. Greg Robb, MarketWatch senior reporter and economics editor, joins CBS News with more.
Diesel prices hit all-time high
Diesel prices hit an all-time high in the U.S. as the war in Iran drags on with no end in sight. Jason Allen reports.
Stocks dive ahead of expected Fed rate hike
Stocks stayed in the red on Tuesday ahead of the Federal Reserve's interest rate decision on Wednesday. CBS News contributor Javier David has a preview of the meeting.
Own a car? You're getting socked by higher prices, and not only for gas
Car ownership costs have soared 50% since 2020, according to new economic data. Here's where motorists are getting dinged.
Your home heating oil bill is likely to jump this winter. Here's why.
Millions of homeowners will face higher heating costs this winter because of surging global oil prices, according to a new forecast.
Saudi Arabia's critical pipeline remains shut
The East-West pipeline in Saudi Arabia remains shut after a drone attack last week, a major hit to the supply of oil flowing out of the country. Saudi Arabia blamed the attack on Iranian-backed militias in Iraq. Threadneedle founder Ann Berry joins to discuss.
Iran's proxies using Yemen to compound war's impact on oil prices
An attack on a Saudi Arabian pipeline and a simmering war between the Saudis and Iran's Houthi allies in Yemen are pushing oil prices up.
Iranian vessel in Hormuz hit, while Houthis expand control of shipping lane
The Iran-backed Houthis expanded their control over the strategy Bab-el-Mandeb strait, as strikes continued in the Strait of Hormuz.
Tennessee's attempt to execute Christa Pike using lethal injection fails
Co-pilot stabs pilot, tries to crash passenger jet en route to Israel, Netanyahu says
Hegseth says he's cutting generals and admirals by 20%, ousting "woke"
Details emerge in case of former Cornell student alleging rape by frat members
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Iran says it's considering ceasefire counterproposal
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