Oil is rising amid the Israel-Hamas war. Here's impact on gas prices.
Fighting has broken out between Israel and Hamas, pushing up global oil prices amid fears the conflict could escalate.
Oil Imports
Oil cuts abroad could impact interest rates
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.
Iran airs video of commandos seizing oil tanker bound for Texas
A photograph showed one commando with his fist in the air after apparently taking the vessel.
Biden to announce more sanctions on Russia
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.
What does new price cap on Russian oil mean for consumers?
Western nations want to hinder Russia's ability to wage war in Ukraine without driving up global energy prices.
France orders striking workers back to oil refineries as pumps run dry
The striking oil workers want a pay rise, arguing their salaries cannot keep up with inflation that has soared to almost 6% in France.
For now, Russia oil ban may hurt consumers more than Putin
Even those who cheer Europe's embargo on Russian energy predict short-term price shocks for nations and consumers.
Biden administration cancels Alaska oil and gas lease sale
The Interior Department's decision to not move forward with the lease sale comes as gas prices soar.
EU wants to ban Russian oil imports
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.
Activists in kayaks block Russian oil tanker from unloading in Norway
Greenpeace said members chained themselves to the huge Hong Kong-registered tanker as it arrived with more than 105,000 tons of fuel.
Could the Keystone XL pipeline help lower U.S. gas prices?
As prices at the pump surge, GOP leaders see the suspended oil pipeline as a solution. But the answer isn't so simple.
House overwhelmingly passes bill banning Russian oil imports
Measure is largely symbolic since President Biden has already done the same thing but it shows the lawmakers' resolve. Some GOP senators want even tougher legislation.
Latest News
Israel continues bombardment, ground assault in southern Gaza
Israel's military renewed calls for mass evacuations from the southern town of Khan Younis, as it widened its ground offensive and bombarded targets across the Gaza Strip.
Supreme Court wrestles with legal shield for Sacklers in Purdue Pharma bankruptcy
The justices appeared split on whether those who opposed the bankruptcy deal should be prevented from pursuing their own claims against the Sacklers.
Former U.S. ambassador to Bolivia accused of spying for Cuba for decades
Rocha allegedly spied on behalf of Cuba's intelligence agency, referred to the U.S. as "the enemy" and supported Cuba's clandestine intelligence-gathering mission, according to prosecutors.
Study suggests a stock trader knew in advance of Hamas' Oct. 7 attack
Big bets against Israeli stocks before Oct. 7 suggests someone may have known about the attack in advance, a new study says.
House explodes in Virginia as police try to execute search warrant
A house exploded in Arlington, Virginia, as police tried to execute a search warrant following reports of a suspect firing a flare gun.
Woman from Boston killed by shark while paddle boarding in Bahamas
The woman and a male relative were paddle boarding at a resort about 3/4 mile away from the shore when she was bitten by the shark.
Supreme Court to hear major case that could upend tax code, doom "wealth tax"
The case before the justices Tuesday could have sweeping implications for the U.S. tax system and derail proposals from some Democrats to create a wealth tax.
Trump seeks "urgent review" of gag order ruling in New York civil fraud case
Former President Donald Trump intends to appeal a ruling that upheld a gag order in his civil fraud trial in New York.
Apple releases urgent update to fix iOS 17 security issues
The update patches two vulnerabilities, includes no new features to new operating system.
U.S.
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Which four Republicans will be on stage for the fourth presidential debate?
Four candidates have qualified for the fourth Republican presidential debate.
House explodes in Virginia as police try to execute search warrant
A house exploded in Arlington, Virginia, as police tried to execute a search warrant following reports of a suspect firing a flare gun.
Israel continues bombardment, ground assault in southern Gaza
Israel's military renewed calls for mass evacuations from the southern town of Khan Younis, as it widened its ground offensive and bombarded targets across the Gaza Strip.
Hackers accessed 23andMe data of millions of users, company says
The company launched an investigation in October after a "threat actor" claimed to have access to 23andMe users' personal information.
6 weeks before Iowa caucuses, DeSantis super PAC sees more personnel departures
Another outside group, Fight Right, has been created to handle television ads supporting Gov. Ron DeSantis' presidential bid.
MoneyWatch
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The crypto biz is in the dumps. So why is bitcoin suddenly flying high?
Despite the woes of companies like FTX and Binance, bitcoin prices have surged 150% this year to top $40,000. Here's why.
Supreme Court to hear major case that could upend tax code, doom "wealth tax"
The case before the justices Tuesday could have sweeping implications for the U.S. tax system and derail proposals from some Democrats to create a wealth tax.
Study suggests a stock trader knew in advance of Hamas' Oct. 7 attack
Big bets against Israeli stocks before Oct. 7 suggests someone may have known about the attack in advance, a new study says.
Gold tops record high of $2,100 per ounce. Here's why it's soaring.
Gold prices top $2,100 as investors seek refuge from geopolitical instability and bet on Fed interest rate cuts.
Apple releases urgent update to fix iOS 17 security issues
The update patches two vulnerabilities, includes no new features to the operating system.
Politics
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Which four Republicans will be on stage for the fourth presidential debate?
Four candidates have qualified for the fourth Republican presidential debate.
6 weeks before Iowa caucuses, DeSantis super PAC sees more personnel departures
Another outside group, Fight Right, has been created to handle television ads supporting Gov. Ron DeSantis' presidential bid.
Santos trolls "Bobby" from Jersey in cameo paid for by Fetterman campaign
Sen. John Fetterman has been urging New Jersey Sen. Bob Menendez — who has been accused by the government of conspiring to act as an agent for Egypt — to resign.
DeSantis to run Iowa campaign ad featuring former Trump supporters
Gov. Ron DeSantis' third campaign ad comes as he tries to close the double-digit polling gap between him and former President Donald Trump.
Supreme Court to hear major case that could upend tax code, doom "wealth tax"
The case before the justices Tuesday could have sweeping implications for the U.S. tax system and derail proposals from some Democrats to create a wealth tax.
HealthWatch
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Sushi topper wasabi linked to "substantial" memory boost, study finds
A researcher behind a study of wasabi's effect on cognition says he knew the fiery condiment had health benefits, but "the dramatic change" in memory was a surprise.
Grassroots college networks distribute emergency contraceptives on campus
Peer-to-peer efforts can meet a clear need among students whose colleges may not make sexual health products accessible or affordable.
Gottlieb: likely a "typical winter pathogen season" ahead
Former FDA commissioner Dr. Scott Gottlieb tells "Face the Nation" that the U.S. is looking at a "more typical winter pathogen season" despite a cluster of unusual pneumonia in Ohio. Gottlieb says the CDC has looked into the cluster and found "it's a known bacteria that is epidemic every three to five years so we've seen epidemics of this in the past."
Eliminating the stigma surrounding suicide
On average, a staggering 132 Americans kill themselves every single day. Experts say addressing this major public health crisis requires ending the shame that can be attached to talking about mental health struggles, which prevents those suffering from finding help.
Eliminating the stigma surrounding suicide
On average, a staggering 132 Americans kill themselves every single day, with every demographic at risk of suicidal ideation. Correspondent Susan Spencer talks with experts about this major public health crisis and the need to eliminate the shame that can be attached to mental health struggles, which prevents those suffering from finding the help that could save their lives. Spencer also talks with a professor who undertook about 10 suicide attempts, from as young as age six, but who - after defying the stigma by writing about it - today believes he will never do so again. [If you or someone you know is in emotional distress or a suicidal crisis, you can reach the 988 Suicide & Crisis Lifeline by calling or texting 988. You can also chat with the 988 Suicide & Crisis Lifeline at 988lifeline.org/chat/]
World
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Israel continues bombardment, ground assault in southern Gaza
Israel's military renewed calls for mass evacuations from the southern town of Khan Younis, as it widened its ground offensive and bombarded targets across the Gaza Strip.
Study suggests a stock trader knew in advance of Hamas' Oct. 7 attack
Big bets against Israeli stocks before Oct. 7 suggests someone may have known about the attack in advance, a new study says.
Woman from Boston killed by shark while paddle boarding in Bahamas
The woman and a male relative were paddle boarding at a resort about 3/4 mile away from the shore when she was bitten by the shark.
Divers map 2-mile trail of relics and treasure from legendary shipwreck
The company with sole rights to explore the centuries-old wreck of the Nuestra Señora de las Maravillas, a Spanish treasure ship that sunk off the Bahamas, has carefully identified and mapped a huge trail of long-lost artifacts.
Oxford picks "rizz" as the word of the year
It beat out words such as prompt, situationship and Swiftie. Here's what rizz means.
Entertainment
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Entertainment
Amelia Dimoldenberg's awkward charm
Anthony Mason profiles internet sensation and comedian Amelia Dimoldenberg, creator and host of the viral interview series "Chicken Shop Date." She talks about running her own production company and her dream final date as she looks beyond the chicken shop.
Kennedy Center Honors held Sunday
The 2023 Kennedy Center Honors were held Sunday, recognizing Billy Crystal, Renee Fleming, Barry Gibb, Queen Latifah and Dionne Warwick. CBS will air the honors Wednesday night. "CBS Evening News" anchor and managing editor Norah O'Donnell takes a look at this year's highlights.
Allison Williams' new podcast revisits America's first murder trial
The historical true-crime podcast, "Erased," is about the trial of Levi Weeks, who was accused of murdering 22-year-old Elma Sands in 1799.
Taylor Swift cheers on Chiefs as Simone Biles cheers on Packers
Taylor Swift was again spotted cheering on Travis Kelce and the Kansas City Chiefs – this time, in a box with Lyndsay Bell and Brittany Mahomes at an away game against the Green Bay Packers.
Comedian Amelia Dimoldenberg on raising awkwardness to an art form
The English comedian has gone viral with her comic interviews with big-name celebrities on the red carpet and her YouTube series "Chicken Shop Date."
Technology
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Apple releases urgent update to fix iOS 17 security issues
The update patches two vulnerabilities, includes no new features to the operating system.
Spotify slashes 17% of jobs in third round of cuts this year
The popular music streaming service has reportedly eliminated 1,500 roles amid slowing economic growth.
Elon Musk's X platform fueled far-right riots in Ireland, experts say
Elon Musk's X platform has fueled far-right disinformation in Ireland and played a key role in last month's riots in Dublin, experts say.
The race to develop quantum computers
Quantum computing could change civilization as we know it with technology capable of solving complex problems in moments. Henry Yuen, assistant professor of computer science at Columbia University, joined CBS News to discuss what quantum computing is, its potential uses and how close we are to seeing the technology in action.
Automakers turn to subscription fees
Automakers, including General Motors, Ford and BMW, are charging drivers subscription fees to use certain state-of-the-art features, such as remote locking and hands-free cruise control. Carter Evans has details.
Science
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Video shows ship's "lucky" encounter with world's largest iceberg
The sighting came just days after scientists declared the iceberg was "on the move" for the first time in 37 years.
Ancient methane escaping from melting glaciers could warm the planet more
Spiking temperatures in the Arctic are rapidly melting glaciers. Scientists are now worried about underground methane, a potent greenhouse gas, leaking up to the surface.
Cars swept away, Chennai airport flooded as cyclone churns toward India
Videos from Chennai, South India, show cars being carried off and airport workers checking planes in almost knee-deep water as Cyclone Michaung bears down.
Controversy at COP28 climate summit
Dr. Sultan al-Jaber, the president of the COP28 climate summit, is facing backlash after reportedly saying during an online event that "there is no science out there" that phasing out fossil fuels would achieve the climate goals outlined in the 2015 Paris Climate Agreement. Al-Jaber is also the CEO of the Abu Dhabi National Oil Company. CBS News national correspondent Dave Malkoff has more.
COP28 president Sultan al-Jaber draws fire over fossil fuel remarks
Dr. Sultan al-Jaber, president of the COP28 climate conference and CEO of a major oil company, says he's "quite surprised" by what he calls "attempts to undermine" his work.
Crime
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Crime
Examining the first U.S. murder trial
The podcast "Erased: The Murder of Elma Sands" explores the first recorded murder trial in U.S. history. Actress Allison Williams, who is an executive producer of the podcast, and Allison Flom, the podcast's creator and narrator, joined CBS News to discuss the similarities the of the U.S. justice system then and now.
Weapon links L.A. serial killings to robbery
A weapon linked the suspect of an armed robbery in San Dimas to three murders involving people who were experiencing homelessness in Los Angeles County. CBS News correspondent Elise Preston is following the investigation into the shooting cases.
Opening statements at Jonathan Majors trial
Opening statements began in the case against Hollywood star Jonathan Majors, who is accused of domestic assault by his former girlfriend Grace Jabbari. CBS News New York's Zinnia Maldonado reports on the latest as the trial resumes.
1 killed in double stabbing at Macy's in Philadelphia; man arrested at SEPTA station
Tyrone Tunnell, 30, was arrested in connection with a fatal stabbing at the Macy's in Center City, Philadelphia police said Monday.
Victim's father gives emotional testimony at trial of serial killer's widow
Monique Olivier, standing trial in Paris, is accused of involvement in the murders by Michel Fourniret of two young women, including British student Joanna Parrish.
Space
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Russian cargo ship docks at International Space Station
A guidance system problem during final approach prompted two space station cosmonauts to take over by remote control.
NASA "unlikely" to launch Artemis moon landing flight in 2025, GAO says
NASA is facing challenges with SpaceX's moon lander and the new Axiom spacesuits for moonwalkers.
New solar system with rare, perfectly in-sync planets found in Milky Way
Astronomers have discovered six planets orbiting a bright, nearby star in perfect synchrony like a grand cosmic orchestra.
Scientists discover "in-sync" solar system
Scientists have discovered a six-planet solar system in the Milky Way that astronomers say has been untouched by outside forces since its birth billions of years ago. The six planets orbit a star "perfectly" in sync. Derrick Pitts, chief astronomer at the Franklin Institute, joined CBS News to talk about the discovery.
Mars' landscape captured in newly released images
NASA revealed multiple new panoramic images of clouds and dust in Mars' skies, as well as one of its tiny two moons, taken last May.
Latest Galleries
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Matthew Trussler murder: Inside the case
Matthew Trussler was found dead at the home he shared with his fiancée Melissa Turner. See the evidence that led to authorities piecing together his death.
Catching a killer clown
Marlene Warren answered the door to her Wellington, FL, home and was fatally gunned down by a mysterious clown. Despite eyewitnesses, circumstantial evidence, and the identification a suspect early on, it would take more than 30 years for her killer to face justice.
Notable Deaths in 2023
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Becky Bliefnick texted about fear of her estranged husband
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
The crime scene evidence that convicted Alex Murdaugh
Inside South Carolina's "trial of the century" — how investigators built their case
Latest Videos
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Latest Videos
Amelia Dimoldenberg's awkward charm
Anthony Mason profiles internet sensation and comedian Amelia Dimoldenberg, creator and host of the viral interview series "Chicken Shop Date." She talks about running her own production company and her dream final date as she looks beyond the chicken shop.
South Korea launches first spy satellite
South Korea says it has launched its first spy satellite into space just one week after North Korea claimed it did the same. CBS News senior foreign correspondent Elizabeth Palmer has more on the new frontier in Korean competition.
What happens if U.S. aid to Ukraine runs out?
The White House has warned Congress that the U.S. is running out of money for Ukraine. Connor O'Brien, defense reporter for Politico, joins CBS News to discuss what could happen if Congress does not act.
Doug Burgum drops out of 2024 race
North Dakota Gov. Doug Burgum announced Monday he is suspending his 2024 campaign, leaving six Republican candidates in the race. It comes two days before the fourth GOP debate. Wall Street Journal senior political correspondent Molly Ball joins to discuss the latest in the presidential primary race.
Israel ramps up fighting in southern Gaza
On the ground in Gaza, Israeli troops are moving south and prompting more civilian evacuations. And as tension grows in the Middle East, the U.S. military says it fended off attacks on commercial vessels in the Red Sea. CBS News' Charlie D'Agata and David Martin report.