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?
Oil Imports
Cuba says it released over 2,000 prisoners as White House heaps pressure on island
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.
Strait of Hormuz remains paralyzed as war rages on
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.
From the archives: Grappling with the 1973 oil crisis
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.
What will it take for ships to brave the Strait of Hormuz again?
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.
What to know about the agency Trump says will insure ships in the Gulf
President Trump said the government agency will provide political risk insurance to "all shipping lines" operating in the Persian Gulf.
Venezuelan oil is coming to the U.S. What will it mean for gas prices?
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?
Mixed global reaction over Venezuela
Russia, China and Iran have all publicly condemned the U.S. action in Venezuela. CBS News producer Leigh Kiniry has the latest.
Expert says Putin doesn't respond to pressure
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.
Dow sinks over 750 points after Israel's attack on Iran
The Dow dropped more than 750 points Friday as investors fret over the risk of a widening war in the Middle East.
How other nations are reacting to Trump's sweeping new tariffs
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.
Potential Alaska-bound toll amid tariff war
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.
Tariffs on U.S. allies to take effect in hours
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.
How will OPEC+ cuts affect U.S. gas prices?
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.
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 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.
Missing Auburn University student in Japan found dead, mother says
James Higginbotham was found dead in a mountainous area outside Kyoto by a volunteer search-and-rescue group, his mother said.
Live
U.S. and Iran trade another round of fire
It's unclear how close the U.S. and Iran are to striking a deal, as an Iranian official says "the ball is in Trump's court," and Israel-Hezbollah hostilities continue.
Prediction markets have become a draw for young men. Here's why
Prediction markets have become a draw for young men in search of quick cash and thrills, experts say. "I had almost $4,600 at one point but squandered that," one man said.
In France, Hegseth invokes immigration and "invasion" in D-Day remarks
Hegseth's speech echoed broader Trump administration rhetoric over border security and migration in Europe.
U.S. doctor with Ebola recovers from deadly virus, German hospital says
Dr. Peter Stafford was working with a missionary group in the Congo when he came down with the virus last month.
Israeli forces kill Palestinian baby in the West Bank: Health ministry
Sam Fahd Abu Haikal was killed Friday evening, and his parents were wounded, the Palestinian health ministry said.
FBI fires analysts who worked on memo about Catholic extremist ideology
The five fired FBI analysits were involved in the creation of a withdrawn internal 2023 intelligence memo on "Radical Traditionalist Catholic" ideology, sources said.
Graham Platner faces another controversy days ahead of Maine Senate primary
This week, the New York Times reported allegations of Platner's "unsettling" behavior toward women he dated, including one claim that he was physically abusive, which Platner denies.
Knicks beat Spurs for 2-0 lead in NBA Finals
The red-hot Knicks are going home, two wins away from an NBA championship that the capital of the world has been waiting to see for generations.
U.S.
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Prediction markets have become a draw for young men. Here's why
Prediction markets have become a draw for young men in search of quick cash and thrills, experts say. "I had almost $4,600 at one point but squandered that," one man said.
Why a 55-mile trek is a mandatory rite of passage for freshmen at one high school
The five-day, 55-mile Appalachian Trail hike is a 53-year tradition for freshmen at St. Benedict's Preparatory School.
Park ranger dies after falling into crevasse on America's tallest peak
The National Park Service said a ranger in Alaska fell into a crevasse and died on North America's tallest mountain.
FBI fires analysts who worked on memo about Catholic extremist ideology
The five fired FBI analysits were involved in the creation of a withdrawn internal 2023 intelligence memo on "Radical Traditionalist Catholic" ideology, sources said.
Exclusive
After deadly bus crash, investigators probe company's links to other carriers
The company that operated a bus involved in a deadly crash in Virginia last week has ties to a broader network of travel firms, including one shut down by regulators a decade ago, a CBS News investigation has found.
MoneyWatch
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Prediction markets have become a draw for young men. Here's why
Prediction markets have become a draw for young men in search of quick cash and thrills, experts say. "I had almost $4,600 at one point but squandered that," one man said.
The job market is much stronger than economists expected. Why?
Americans say it's tough to find a job, but employers just added a surprisingly strong 172,000 new hires in May.
Second Facebook privacy settlement payment is coming soon
The additional payouts come from uncashed settlement funds and will be issued to eligible claimants beginning on June 9.
Employers added 172,000 jobs in May, surging past expectations
The labor market continues to show strength despite rising inflation and concerns about slowing economic growth.
Meta is selling $3.99 monthly subscriptions for Instagram Plus
The new paid tier adds features like longer stories and deeper metrics as Meta looks to diversify revenue beyond advertising.
Politics
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Becerra advances in California governor's race, CBS News projects
Former U.S. Health and Human Services Secretary Xavier Becerra, a Democrat, will advance to the November election in the California governor's race, CBS News projects. A second candidate in the race has not yet been projected to advance.
Colombia's Petro accuses Trump of intervening in his country's election
Colombian President Gustavo Petro argues the U.S. has chosen to align against his government and back forces he identifies as complicit in the drug trade.
No bags, no watch parties: What to expect when Trump attends NBA Finals
As President Trump prepares to watch the New York Knicks take on the San Antonio Spurs at Madison Square Garden, officials are planning for a heightened security posture, sources said.
FBI fires analysts who worked on memo about Catholic extremist ideology
The five fired FBI analysits were involved in the creation of a withdrawn internal 2023 intelligence memo on "Radical Traditionalist Catholic" ideology, sources said.
DOJ confirms in court papers the "anti-weaponization fund" isn't going forward
In a pair of legal filings Friday, the Justice Department stated in writing for what appears to be the first time that a controversial $1.7 billion "anti-weaponization fund" will not continue.
HealthWatch
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U.S. doctor with Ebola recovers from deadly virus, German hospital says
Dr. Peter Stafford was working with a missionary group in the Congo when he came down with the virus last month.
Veteran runs to fight "life-changing disease" after minor symptoms
Dr. Sara Whittingham thought she would know if something was wrong. But her minor symptoms had a surprising cause.
In Congo, doctors face Ebola with little protection: "We live with fear"
Travel bans and conflict have disrupted supply chains in the Democratic Republic of Congo, leaving health workers without Ebola tests and protective gear needed to contain the outbreak.
FDA moves ahead with safety study of abortion pill mifepristone
The FDA is moving ahead with a safety study of the abortion pill mifepristone, a senior FDA official confirmed to CBS News, a step that could create a path for the Trump administration to restrict access to the medication.
Upcoming billing change could make pregnancy pricier
Come January, pregnancy care physician billing codes will change from a bundled system to an à la carte one.
World
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Jared Kushner-backed luxury resort stokes days of protests in Albania
The so-called "Flamingo Revolution" has taken up the cause of protecting the Albanian coast from a development led by the president's son-in-law.
In France, Hegseth invokes immigration and "invasion" in D-Day remarks
Hegseth's speech echoed broader Trump administration rhetoric over border security and migration in Europe.
Missing Auburn University student in Japan found dead, mother says
James Higginbotham was found dead in a mountainous area outside Kyoto by a volunteer search-and-rescue group, his mother said.
Russian teen claims first Grand Slam tennis title with French Open win
The eighth-ranked Andreeva ended the run of 114th-ranked Polish qualifier Maja Chwalinska in the French Open final on Saturday.
Pope Leo arrives in Spain for first papal visit in 15 years
Spaniards find themselves increasingly divided over issues including immigration, feminism and political corruption.
Entertainment
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Entertainment
Patton Oswalt on his new comedy special
Patton Oswalt sits down with "CBS Saturday Morning" to discuss his new special, "Tea & Scotch," and reflect on his comedic journey.
Simon Pegg and Lizzy McAlpine on new film
Simon Pegg and Lizzy McAlpine sit down with "CBS Saturday Morning" to discuss their new film, "Only What We Carry," which was shot in six days and mostly improvised.
Ashley McBryde performs "Ten To Midnight"
Grammy-winning country music star Ashley McBryde's latest album, "Wild," draws on her experiences growing up in the Ozarks and her journey to sobriety. Ahead of her summer U.S. tour, here's Ashley McBryde performing "Ten To Midnight."
Ashley McBryde performs "Bottle Tells Me So"
Grammy-winning country music star Ashley McBryde's latest album, "Wild," draws on her experiences growing up in the Ozarks and her journey to sobriety. Ahead of her summer U.S. tour, here's Ashley McBryde performing "Bottle Tells Me So."
Ashley McBryde performs "What If We Don't"
Grammy-winning country music star Ashley McBryde's latest album, "Wild," draws on her experiences growing up in the Ozarks and her journey to sobriety. Ahead of her summer U.S. tour, here's Ashley McBryde performing "What If We Don't."
Technology
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Prediction markets have become a draw for young men. Here's why
Prediction markets have become a draw for young men in search of quick cash and thrills, experts say. "I had almost $4,600 at one point but squandered that," one man said.
Anthropic on global pause on AI development
Anthropic is urging a pause in AI development amid growing concerns about future risks, though some experts question the company's motives. Vicky Ge Huang, a reporter for The Wall Street Journal, joins CBS News with more details.
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.
Alarm over computer "worms" created with AI
Experts are warning about computer "worms" created with AI that can infect devices and harm users without restraint. University of Toronto professor Nicolas Papernot joins with more.
New details on SpaceX IPO plans
SpaceX is going public this month, and it could be the largest-ever stock market debut. As it plans this move, SpaceX has amended the language in its IPO filing to address the company's growing need for water, particularly to expand its data centers. CBS News' Kelly O'Grady reports, and University of California, Riverside, associate professor Shaolei Ren joins to discuss.
Science
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El Niño could bring more widespread coral bleaching, NOAA warns
The expected arrival of El Niño this summer could trigger another mass coral bleaching event, which would be the fifth on record, researchers said.
Scientists find yeast in frozen mummy's guts, use it to make bread
More than 5,300 years ago, Oetzi the Iceman was strolling through the Alps on the border of Austria and Italy when he was killed by an arrow in the back.
Meteor lights up southern Michigan
Days after a meteor exploded over New England, another fireball was spotted, visible in the Midwest to the Northeast. Rob Marciano has more.
Ancient coin, mysterious markings found under Notre Dame cathedral
A team of archaeologists at the iconic cathedral is digging straight down and back in time, to Roman Paris 2,000 years ago.
NASA taps 2 companies to develop buggies for its moon base program
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
Crime
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Crime
L.A. police chase ends in deadly shooting
The freeways of Los Angeles saw two big police pursuits on Friday. The first chase ended when authorities reported that a robbery suspect was shot and killed on the busy 405 Freeway during morning rush hour. In the second incident, an alleged carjacker was taken down by a police K-9 following a meandering three-hour chase. Carter Evans has more.
Marine veteran fights off armed attackers
A Marine veteran was working on his truck in front of his home in Oxon Hill, Maryland, this week, when four teens tried to rob him at gunpoint. That is when his military training kicked in. Tom Hanson reports.
Judge orders detention of ex-CIA official found with $40 million in gold bars
Former CIA official David Rush was arrested in May after FBI agents found gold bars worth about $40 million at his home while probing whether he had lied about his educational and military background, according to court records.
Man attacks 21-year-old over lake access
Steven Dana, 70, is facing multiple charges, including attempted murder, after a video emerged of him attacking a 21-year-old man who was riding a jet ski in Massachusetts' Lake Maspenock with friends. CBS News Boston's Anna Meiler reports.
Man gets life in prison for double murder scheme in affair with au pair
Brendan Banfield, a former IRS law enforcement officer, claimed he shot Joseph Ryan after he came across Ryan attacking his wife.
Space
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Space station crew briefly moves to "safe haven" amid concerns over leaks
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
Sun erupts with 3 solar flares, raising chances of northern lights for U.S.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
NASA reluctantly gives up on lost orbiter: "Best Mars mission ever"
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
Blue Origin vows to resume New Glenn launches despite explosion
Damage to Blue Origin's lone launch pad in the wake of last week's spectacular explosion was not as severe as initially feared, the company said.
NASA taps 2 companies to develop buggies for its moon base program
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
Latest Galleries
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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.
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.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
World Cup sparks boom in U.S. youth soccer
The World Cup begins next week, but ahead of the competition, "CBS Saturday Morning" visits Chicago, where kids from various backgrounds are exposed to soccer through USA Soccer's "Soccer Forward" program.
Albanians protest Kushner-backed resort plan
Crowds of Albanians gathered in Tirana to continue protesting plans for a resort backed by President Trump's son-in-law, Jared Kushner, set to go up on the country's Adriatic coast. CBS News' Emmet Lyons reports.
The Dish: Bánh Anh Em
Bánh Anh Em is the newest restaurant by chef Nhu Ton and John Nguyen, where they say memory is the secret ingredient to their acclaimed Vietnamese food.
Patton Oswalt on his new comedy special
Patton Oswalt sits down with "CBS Saturday Morning" to discuss his new special, "Tea & Scotch," and reflect on his comedic journey.
Simon Pegg and Lizzy McAlpine on new film
Simon Pegg and Lizzy McAlpine sit down with "CBS Saturday Morning" to discuss their new film, "Only What We Carry," which was shot in six days and mostly improvised.