Oil markets fluctuate amid U.S.-Iran war
Gas prices have increased again as tensions rise between the U.S. and Iran. Axios reporter Madison Mills explains how oil markets have reacted to the war.
Watch CBS News
Gas prices have increased again as tensions rise between the U.S. and Iran. Axios reporter Madison Mills explains how oil markets have reacted to the war.
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.
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?
The Cuban government says it has pardoned and released 2,010 prisoners, a sweeping move that comes as the island nation grapples with pressure from the Trump administration.
President Trump wants other nations not involved in the war with Iran to join the effort to escort vessels carrying oil and natural gas through the Strait of Hormuz. CBS News senior foreign correspondent Imtiaz Tyab reports. Then, former CIA Deputy Assistant Director for Counterterrorism Joe Zacks joins with analysis.
On Nov. 29, 1973, CBS News aired a special report titled "Making It Through This Winter," spotlighting the ways Americans were making do amid the oil crisis. Watch the program in full.
Energy prices won't ease up until the Strait of Hormuz is secure, experts say. Here's what it will take to get the oil flowing again.
President Trump said the government agency will provide political risk insurance to "all shipping lines" operating in the Persian Gulf.
The Trump administration says it has completed the first sale of Venezuelan oil to the U.S. Will it mean lower prices at the pump?
Russia, China and Iran have all publicly condemned the U.S. action in Venezuela. CBS News producer Leigh Kiniry has the latest.
The Trump administration is trying to pressure Russia into a ceasefire, announcing new sanctions Wednesday against major Russian oil companies. Nina Khrushcheva, professor of international affairs at the New School and the great-granddaughter of former Soviet Prime Minister Nikita Khrushchev, joins "The Daily Report" to discuss.
The Dow dropped more than 750 points Friday as investors fret over the risk of a widening war in the Middle East.
America's global trading partners are bristling at President Trump's tariff tactics, but many also stress a desire to strike new deals with the U.S.
Canada's British Columbia is proposing a law that would allow the province to toll U.S. trucks using its roads to travel to Alaska. Alaska Republican State Sen. Robert Myers joins "The Daily Report" to discuss the impact.
The U.S. will impose 25% tariffs on imports from Canada and Mexico starting Tuesday. Tariffs on goods from China will increase from 10% to 20%. Kelly O'Grady, CBS News MoneyWatch correspondent, and Sarah McGregor, managing editor for Bloomberg News' national desk, join "America Decides" with analysis.
Several OPEC+ countries will reduce oil production by a combined 2.2 million barrels per day through June. Jeff Colgan, director of the Climate Solutions Lab at Brown University, joins CBS News to discuss how the decreased output could affect the U.S.
Fighting has broken out between Israel and Hamas, pushing up global oil prices amid fears the conflict could escalate.
Saudi Arabia and Russia have agreed to extend their voluntary oil production cuts through the end of 2023 -- a move that's already driving prices up. Carolyn Kissane, associate dean at New York University's Center for Global Affairs, joins CBS News to discuss how higher oil prices could also impact interest rates in the U.S.
A photograph showed one commando with his fist in the air after apparently taking the vessel.
President Biden is expected to announce new sanctions on Russia, and administration officials are warning any countries that help Russia evade those economic sanctions will face consequences as well. Deputy Treasury Secretary Wally Adeyemo joins CBS News to explain the administration's plans, and why he's confident the sanctions are successful despite some saying there hasn't been the impact they had hoped.
Western nations want to hinder Russia's ability to wage war in Ukraine without driving up global energy prices.
The striking oil workers want a pay rise, arguing their salaries cannot keep up with inflation that has soared to almost 6% in France.
Even those who cheer Europe's embargo on Russian energy predict short-term price shocks for nations and consumers.
The Interior Department's decision to not move forward with the lease sale comes as gas prices soar.
The European Union wants to ban all Russian oil imports in its toughest sanctions package yet against Moscow. The proposal comes as Ukraine claims Russia stormed a besieged steel mill in Mariupol as civilians tried to evacuate. CBS News foreign correspondent Debora Patta has an update from Vinnytsia, Ukraine.
As the U.S. and Iran escalate attacks 140 days into the war, an industry analyst says "nobody is willing to move" through the Strait of Hormuz.
Heavy smoke from several large wildfires blazing in Canada and Minnesota is engulfing large swaths of the Midwest and the U.S. East Coast this week.
The Immigration and Customs Enforcement officer who shot and killed a Colombian man in Maine this week is an Army veteran who has struggled with serious mental health issues since early childhood, relatives say.
Darline Graham indicated in a White House meeting Thursday that she's weighing a bid, CBS News confirmed. A day later, President Trump wrote on Truth Social: "RUN, DARLINE, RUN! "
President Trump delivered a speech on election security Thursday night at the White House. Here are the facts behind some of his claims.
The U.S. Geological Survey reported that the earthquake had a magnitude of 7.3 with the epicenter 30 miles southwest of Aquiles Serdan, Mexico.
Ronald L. Fischer, who was featured on "America's Most Wanted," fled Rhode Island during his criminal trial for first-degree sexual assault in 2005.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Brenda Fricker won an Academy Award for 1989's "My Left Foot," played the Pigeon Lady in "Home Alone 2" and appeared in "A Time to Kill" and "So I Married an Axe Murderer."
The Immigration and Customs Enforcement officer who shot and killed a Colombian man in Maine this week is an Army veteran who has struggled with serious mental health issues since early childhood, relatives say.
Darline Graham indicated in a White House meeting Thursday that she's weighing a bid, CBS News confirmed. A day later, President Trump wrote on Truth Social: "RUN, DARLINE, RUN! "
Trillions of wealth passed down by the baby boomers will likely go to younger Americans who are already rich. Here's how much they'll get.
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
A cybersecurity incident has forced Coca-Cola to suspend Fairlife milk production in the U.S. An investigation is underway.
Trillions of wealth passed down by the baby boomers will likely go to younger Americans who are already rich. Here's how much they'll get.
A cybersecurity incident has forced Coca-Cola to suspend Fairlife milk production in the U.S. An investigation is underway.
"Markets already move on Truth Social posts," the company's chief executive said in the Truth API announcement.
Adjusting to permanent daylight saving time would cause significant disruptions to schedules and operations, an airline trade group said.
After detecting suspicious activity on the teleprompter operator's account, Kalshi investigated and then referred the case to federal regulators.
Darline Graham indicated in a White House meeting Thursday that she's weighing a bid, CBS News confirmed. A day later, President Trump wrote on Truth Social: "RUN, DARLINE, RUN! "
The appeals court in Washington, D.C., divided 2-1 in ruling in favor of the Trump administration in the legal battle over the Pentagon's escort policy for journalists.
In a primetime address, President Trump alleged the U.S. election system falls "catastrophically short," revisiting a topic that has drawn his attention for years — and making claims that election experts have heavily disputed.
President Trump alleged voting machines and ballot-counting systems are "extremely exposed to attack" — but experts say voting machines are subject to intense controls.
President Trump delivered a speech on election security Thursday night at the White House. Here are the facts behind some of his claims.
The FDA has approved a new daily cholesterol pill that works differently from popular statins and may deliver better results for some people. Dr. Corey Bradley, a cardiologist at Columbia University's Irving Medical Center, joins "CBS Evening News" to discuss.
The FDA has identified Taylor Farms as the likely source of lettuce contaminated with the parasite behind cyclosporiasis, as the outbreak grows. Mark Strassmann reports.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Doctors raised a range of concerns about a testosterone screening policy announced by Defense Secretary Pete Hegseth, which is likely to be costly to implement.
"Healthful with Norah O'Donnell" launches July 22.
The U.S. Geological Survey reported that the earthquake had a magnitude of 7.3 with the epicenter 30 miles southwest of Aquiles Serdan, Mexico.
Brenda Fricker won an Academy Award for 1989's "My Left Foot," played the Pigeon Lady in "Home Alone 2" and appeared in "A Time to Kill" and "So I Married an Axe Murderer."
Well-known activist Sonam Wangchuk hasn't eaten in nearly 3 weeks, endangering his health as he demands changes to India's exam system.
The emerald ash borer, which has devastated ash forests in North America, has been detected in the European Union for the first time.
Andy Burnham was officially declared leader of Britain's governing Labour Party, clearing his final hurdle to taking office as prime minister next week.
Brenda Fricker won an Academy Award for 1989's "My Left Foot," played the Pigeon Lady in "Home Alone 2" and appeared in "A Time to Kill" and "So I Married an Axe Murderer."
Anne Hathaway and Matt Damon, who star in "The Odyssey," speak to "CBS Mornings" about the movie, the challenges they faced during filming and working with Oscar-winning director Christopher Nolan.
Pulitzer Prize-winning cartoonist Pat Oliphant, whose acidic drawings skewering political figures were syndicated in as many as 500 publications around the world, died on July 13, 2026 at age 90. In this April 16, 2000 "Sunday Morning" story, Oliphant talked with Morley Safer about caricature, censorship, and the influence of the first great political cartoonist, 19th century French master Honoré Daumier, whose grotesque drawings of King Louis Philippe led to a curtailment of press freedom in France in 1835.
George Santos has worn many hats: swindler, congressman, prison inmate, podcast host. The obvious next gig? Reality TV show contestant.
The actor's agent said he was providing more information following news reports "which contain inaccuracies and outright falsehoods."
New York is now the first state to temporarily ban data center construction, paving the way for others to follow suit. Environmental advocate Erin Brockovich joins "The Takeout" to discuss.
Noise from a Mississippi plant powering Elon Musk's xAI data centers in the area is causing migraines, ringing ears and sleepless nights, residents say.
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.
Residents of Southaven, Mississippi, are sounding off about a data center plant powering Elon Musk's xAI data centers in the area, likening the constant noise to being tortured.
Meta announced it is introducing new features to help protect teens using Instagram, Facebook and WhatsApp, including alerting a parent if their child discusses self-harm with one of its AI chatbots. Kelly O'Grady explains.
Millions of people are enduring dangerous air quality as Canadian wildfire smoke shrouds the skies. Jonathan Overpeck, dean of the School for Environment and Sustainability at the University of Michigan, explains how climate change is worsening wildfires.
New York has become the first state to impose a temporary moratorium on data center development while state lawmakers lay the groundwork to assess environmental and social impacts. Dr. Mike Weinstein, the director of sustainability at Southern New Hampshire University, explains what we know about the wider environmental impact data centers.
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
The name "White-chested Fox" was found in drawings dating from 400 BC to 900 AD at the San Bartolo-Xultun archaeological site.
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
The ICE officer who shot and killed a Maine man has a history of violent behavior, the Associated Press reports, citing interviews with family and court records. CBS News' Camilo Montoya-Galvez has the latest.
Ronald L. Fischer, who was featured on "America's Most Wanted," fled Rhode Island during his criminal trial for first-degree sexual assault in 2005.
The state government condemned the murder of Josue Martinez, and called on prosecutors to launch a probe in order to find those responsible.
The Juárez Cartel and Los Viagras joined six other Mexican criminal organizations that the U.S. considers terrorist groups.
Antioch, Illinois, mother Jennifer Bos voiced her support for Todd Blanche at his confirmation hearing to become attorney general. Bos advocates for stricter immigration policy after her daughter was allegedly murdered by an illegal immigrant.
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
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.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
A spokesman for the Chinese Ministry of Foreign Affairs denied President Trump's claims of election interference in the 2020 election. CBS News foreign correspondent Anna Coren reports.
Jonathan Wachtel, a global affairs analyst and a former spokesperson for the U.S. Mission to the United Nations, joins to discuss where negotiations stand as the U.S. and Iran continue to exchange attacks for the sixth night in a row.
Homeland Security Secretary Markwayne Mullin claims that there are 250,000 noncitizens registered to vote in the U.S. CBS News' Nicole Sganga has more.
President Trump spoke extensively about election integrity during his primetime speech, alleging, without evidence, that China intervened in the 2020 election. CBS News executive director of elections and surveys Anthony Salvanto breaks down the latest polling on what Americans believe.
Homeland Security Secretary Markwayne Mullin spoke about election security a day after President Trump claimed during his primetime address that China interfered in the 2020 election. CBS News' Jake Rosen joins to discuss Mullin's remarks.