Oil prices rise sharply in market trading after attacks disrupt supply
Oil prices rose sharply when market trading began late Sunday over concerns that the supply from Iran and elsewhere in the Middle East would slow or grind to a halt.
OPEC
Gas prices dip below $3 per gallon, the lowest since 2021
The average price across the U.S. now stands at $2.95 per gallon, down 8.5 cents from a week ago, according to GasBuddy.
Trump victory's impact on the energy sector
President-elect Donald Trump vowed to cut U.S. energy prices by 50% within one year of taking office. He is also expected to loosen regulations on oil and natural gas companies. Patrick De Haan, the head of petroleum analysis for GasBuddy.com, a website that tracks fuel prices, joins CBS News to discuss.
War in Middle East driving up oil prices
As the Middle East waits to see how Israel will respond to Tuesday's massive missile attack by Iran, oil prices have risen over the prospect of possible Israeli strikes on Iran's oil facilities. CBS News foreign correspondent Ramy Inocencio has more.
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.
Investors close out 2023 with a stock market gain of 24%
This year's robust stock market performance defied analysts' predictions as investors cheered prospects of lower interest rates and inflation.
Saudi Arabia, Russia move to extend oil cuts could drive up gas prices
Move by two OPEC+ members to continue scaling back crude production likely means higher prices at the pump for U.S. drivers.
Saudi Arabia cutting oil output in move that could raise gas prices
The Saudi cut of 1 million barrels per day comes as the other OPEC+ producers agreed to extend earlier production cuts through next year.
OPEC announces cuts to oil production
OPEC unexpectedly announced cuts to oil production. The move will likely increase the price of gas.
Here's what OPEC's production cuts mean for U.S. gas prices
Oil cartel's surprise plan to dial back production will likely push up fuel costs within the next two weeks, analysts say.
OPEC+ decides against further oil cuts
Saudi-led OPEC+ opted not to make any additional changes to oil production as Western sanctions on Russian oil are set to take effect. Evan Halper, a business reporter for the Washington Post, joins CBS News' Vladimir Duthiers and Lilia Luciano to discuss the impact.
OPEC maintains oil targets amid uncertainty over Russian sanctions
The OPEC oil cartel and allied producers including Russia aren't changing their targets for shipping oil to the global economy.
OPEC releases 2022 World Oil Outlook
OPEC estimates show that the world markets could demand more oil for the next decade, despite a push toward renewable energy and electric cars. Tom Kloza, global head of energy analysis at the Oil Price Information Service, joins CBS News to talk about what the projection means and how it could affect suppliers and consumers.
North Korea could test tactical nuclear weapon
North Korean leader Kim Jong-un could soon test a tactical nuclear weapon, according to U.S. and South Korean officials. CBS News chief foreign affairs correspondent and "Face the Nation" moderator Margaret Brennan joins CBS News' John Dickerson to discuss.
Biden vows "consequences" for Saudi Arabia
President Biden said there will be "consequences" for Saudi Arabia after the country, as part of OPEC, sided with other oil producing countries to cut production. CBS News chief White House correspondent Nancy Cordes discussed what those consequences could be.
Ukraine to receive more advanced air defense systems
The White House said Tuesday that Biden has promised to provide Ukraine with more advanced air defense systems. This comes as Russia continues to bombard the country with missile attacks. Meanwhile, the White House also said Mr. Biden is reevaluating the U.S.-Saudi relationship after OPEC announced last week it would cut oil production. CBS News chief White House correspondent Nancy Cordes reports from Washington, D.C.
John Kirby discusses the war in Ukraine
John Kirby, a retired admiral who now serves as National Security Council coordinator for strategic communications, joined CBS News to discuss the war in Ukraine, Russian President Vladimir Putin's nuclear threats, as well U.S.-Saudi relations and North Korea's recent missile tests.
Biden to release more oil from reserve
President Biden is releasing 15 million barrels of oil from the nation's strategic reserve in an effort to curb rising prices after OPEC+ announcing it would cut oil production. CBS News senior White House and political correspondent Ed O'Keefe explains how the administration plans to account for the oil it's taking from the reserve and how the move could affect the midterm elections.
Biden releases 15M barrels from oil reserve
President Biden unveiled his three-step plan Wednesday to lower oil prices. Part of that plan is the release of 15 million barrels of oil from the U.S. strategic reserve. The announcement comes weeks after OPEC+ announced it was cutting oil production, a decision that drove gas prices up. CBS News senior White House and political correspondent Ed O'Keefe discussed the president's plan.
Investors react to oil reserve announcement
President Biden announced Wednesday that 15 million more barrels of oil would be released from the Strategic Petroleum Reserve as part of a plan to reduce gas prices. Reuters energy reporter Laura Sanicola discussed the reaction in the oil market.
Biden releases 15 million barrels of oil from strategic reserve
President Biden announced the release of 15 million barrels of oil from the U.S. strategic reserve as part of a response to recent production cuts announced by OPEC+ nations.
Biden to release more oil from U.S. reserve
President Biden is expected to announce a release of 15 million more barrels of oil from the U.S. strategic reserve in response to recent cuts from OPEC+ nations. Nestle is recalling some Toll House cookie dough products over potential contamination with plastic, and the NFL is planning its first-ever Black Friday game in partnership with Amazon Prime Video.
Biden facing pressure to punish Saudi Arabia after OPEC+ cuts oil production
Biden pledged "consequences" and vowed to "take action" — but some lawmakers are demanding a concrete response.
Biden vows "consequences" over OPEC+ oil cut
President Biden said that there will be "consequences" for Saudi Arabia following the announcement that OPEC+ will be cutting oil production. The president made the comment during an interview with CNN. CBS News correspondent Christina Ruffini joined "CBS News Mornings" to discuss.
OPEC, Russia to slash oil production
The Organization of the Petroleum Exporting Countries on Wednesday announced that it would slash output by two million oil barrels per day. Kaushik Deb, a senior research scholar at the Center on Global Energy Policy at Columbia University joined CBS News to discuss the global impact of that decision.
Live
Trump demands "unconditional surrender" as Russia gives Iran intel on U.S. positions
With the U.S.-Israeli war on Iran in its eighth day, President Trump says the aim is to bring Iran back from the brink of destruction and "Make Iran Great Again."
Hegseth says anyone helping Iran's war efforts will be "confronted strongly"
Defense Secretary Pete Hegseth said the U.S. will confront "anything that shouldn't be happening, whether it's in public or back-channeled."
Bodycam video contradicts ICE claims in fatal shooting of Ruben Ray Martinez
Video of last year's fatal shooting of Ruben Ray Martinez obtained by CBS News appears to contradict claims that Martinez was shot by an ICE agent because he "accelerated" and "intentionally ran over" another agent.
Fears for Americans jailed in Iran war zone: "He must be feeling very helpless"
A lawyer for an American man held in a notorious Iranian prison says he can only hope U.S. and Israeli forces "exercise extreme caution," as concern about U.S. prisoners mounts.
At least 4 dead after tornado rips through Michigan and storms hit central U.S.
Severe storms were sweeping across the central U.S., and forecasters warned tornadoes could turn dangerous across several states.
DOJ asks appeals court to restore Trump's executive orders targeting law firms
The Justice Department on Friday asked a federal appeals court to overturn a lower court ruling that invalidated President Trump's executive orders targeting four major law firms.
Venezuela's new gold rush moves at "Trump speed," but ignores a $25M question
Venezuela's new administration is cutting deals, but there's a big reward available for a key figure.
GOP Rep. Darrell Issa says he will retire, months after declaring he's "not quitting"
Rep. Darrell Issa's abrupt reversal injects more uncertainty in the race for the newly redrawn Southern California congressional district.
Rev. Jesse Jackson honored at Chicago celebration of life
The People's Celebration, allowed former presidents, family members, and more to honor the icon of the Civil Rights Movement.
U.S.
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GOP Rep. Darrell Issa says he will retire, months after declaring he's "not quitting"
Rep. Darrell Issa's abrupt reversal injects more uncertainty in the race for the newly redrawn Southern California congressional district.
DOJ asks appeals court to restore Trump's executive orders targeting law firms
The Justice Department on Friday asked a federal appeals court to overturn a lower court ruling that invalidated President Trump's executive orders targeting four major law firms.
At least 4 dead after tornado rips through Michigan and storms hit central U.S.
Severe storms were sweeping across the central U.S., and forecasters warned tornadoes could turn dangerous across several states.
Man convicted in plot to assassinate Trump that was tied to Iran's paramilitary
A Pakistani business owner accused of trying to hire hit men to kill a U.S. politician has been convicted in a trial that showcased allegations of Iran-backed plotting on American soil.
Trump: U.S. collegiate system could go out of business without fixes to sports
President Trump predicted the destruction not just of college sports but the entire U.S. collegiate system unless the industry is fixed quickly.
MoneyWatch
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Venezuela's new gold rush moves at "Trump speed," but ignores a $25 million question
Venezuela's new administration is cutting deals, but there's a big reward available for a key figure.
House hunting? Here's what to know as the spring buying season arrives.
Although home prices remain elevated, conditions are shaping up to be more favorable for buyers this year, experts said.
United CEO said U.S. airfares could rise as Iran war drives up oil prices
Jet fuel costs have shot up more than 50% since the U.S.-Israel attack on Iran sparked a jump in global prices.
These 10 jobs are most exposed to AI, Anthropic finds
The maker of the Claude chatbot says its research could help identify economic disruptions by measuring how AI is currently reshaping work.
Stocks sink as oil prices sizzle and U.S. hiring fizzles
Stocks fell after new government data showed U.S. employers shed 92,000 jobs in February and as investors fret over oil prices.
Politics
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GOP Rep. Darrell Issa says he will retire, months after declaring he's "not quitting"
Rep. Darrell Issa's abrupt reversal injects more uncertainty in the race for the newly redrawn Southern California congressional district.
DOJ asks appeals court to restore Trump's executive orders targeting law firms
The Justice Department on Friday asked a federal appeals court to overturn a lower court ruling that invalidated President Trump's executive orders targeting four major law firms.
Man convicted in plot to assassinate Trump that was tied to Iran's paramilitary
A Pakistani business owner accused of trying to hire hit men to kill a U.S. politician has been convicted in a trial that showcased allegations of Iran-backed plotting on American soil.
Trump: U.S. collegiate system could go out of business without fixes to sports
President Trump predicted the destruction not just of college sports but the entire U.S. collegiate system unless the industry is fixed quickly.
Bodycam video contradicts ICE claims in fatal shooting of Ruben Ray Martinez
Video of last year's fatal shooting of Ruben Ray Martinez obtained by CBS News appears to contradict claims that Martinez was shot by an ICE agent because he "accelerated" and "intentionally ran over" another agent.
HealthWatch
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RFK Jr. challenges Dunkin' and Starbucks over sugary drinks
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Some baby formula brands contain heavy metals, Consumer Reports says
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
States face pushback on their rural health transformation plans
Some Republican state lawmakers and health associations are pushing back against spending plans under the Trump administration's $50 billion federal rural health fund.
Chocolate supplement recalled over erectile dysfunction drug
USALESS.COM is recalling its Rhino Choco VIP 10X product due to the undeclared presence of Tadalafil, which is the active ingredient in Cialis.
College student's mystery illness diagnosed as Stage IV cancer
Emma Operacz was diagnosed with a rare cancer at 21. An unusual treatment and bone marrow donation from her sister saved her life.
World
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Hegseth says anyone helping Iran's war efforts will be "confronted strongly"
Defense Secretary Pete Hegseth said the U.S. will confront "anything that shouldn't be happening, whether it's in public or back-channeled."
Venezuela's new gold rush moves at "Trump speed," but ignores a $25 million question
Venezuela's new administration is cutting deals, but there's a big reward available for a key figure.
Fears for Americans jailed in Iran war zone: "He must be feeling very helpless"
A lawyer for an American man held in a notorious Iranian prison says he can only hope U.S. and Israeli forces "exercise extreme caution," as concern about U.S. prisoners mounts.
U.S. turns to Ukraine for drone defense expertise, but solutions may take time
Ukraine's President Volodymyr Zelenskyy says his country will work with the Pentagon and Gulf allies to share what it has learned during four years of drone warfare.
Russia providing intel to Iran about U.S. positions, sources say
Kremlin press secretary Dmitry Peskov told reporters Russia's government is in "dialogue" with Iranian leadership representatives.
Entertainment
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Book excerpt: "Judge Stone" by Viola Davis & James Patterson
The Academy Award-winning actress and the bestselling writer team up for a courtroom thriller that touches on the lightning-rod issue of abortion.
Maggie Gyllenhaal talks thriller "The Bride!"
Oscar nominee Maggie Gyllenhaal speaks about reimagining "Bride of Frankenstein" to create her new gothic thriller "The Bride!" which she wrote, produced and directed. The star-studded cast includes Jessie Buckley, Christian Bale and her brother, Jake Gyllenhaal.
Extended interview: Maggie Gyllenhaal
Maggie Gyllenhaal tells "CBS Mornings" featured host Vladimir Duthiers about the inspiration behind her new film "The Bride!," a reimagining of the 1935 classic "The Bride of Frankenstein," collaborating with its stars and more.
Britney Spears arrested on suspected DUI
Britney Spears is out of police custody after she was arrested Wednesday in California on suspicion of driving while intoxicated. A representative for Spears said this "was an unfortunate incident that is completely inexcusable," adding, "Britney is going to take the right steps and comply with the law."
Savannah Guthrie visits "Today" studio, says she intends to return to show
Savannah Guthrie thanked her colleagues for "caring about my mom as much as I do" in her visit to the studio since Nancy Guthrie's disappearance.
Technology
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Technology
Study: AI overuse can lead to "brain fry"
Artificial intelligence promised to lighten the workload while increasing productivity. But as more people are using AI for work, a new study published in Harvard Business Review finds AI overuse could cause "brain fry." CBS News correspondent Lana Zak spoke with the study's lead author to unpack the findings.
Affordable ways to protect your aging parents
The most recent government data shows nearly 28% of Americans live alone. The number has risen for decades, especially for older generations. Ash-har Quraishi shows simple tools that can provide extra security and protection for your aging loved ones.
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.
Anthropic CEO apologizes for leaked memo
The CEO of Anthropic is apologizing for a leaked internal memo amid a feud with the Pentagon over its AI model. The memo criticized the Trump administration and OpenAI. It comes after the Defense Department declared Anthropic a supply chain risk or a possible security risk.
Pentagon designates Anthropic a supply chain risk
The Pentagon formally designated artificial intelligence firm Anthropic as a supply chain risk on Thursday amid their feud over AI guardrails. Yahoo Finance senior reporter Brooke DiPalma joins CBS News with more.
Science
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Sea levels higher than thought due to "methodological blind spot," study says
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
What scientists will be looking for when government UFO files are released
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
In a first, shark seen on camera in Antarctica waters, surprising researchers
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
How Washington's crossing of the Delaware presaged a changing world
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
Crime
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Austin gunman assaulted woman at Tesla facility in December, lawsuit alleges
The gunman who carried out the mass shooting last weekend in Austin, Texas, assaulted a woman three months earlier at a Tesla facility, according to a lawsuit filed Thursday in Texas.
Kouri Richins' friends take stand at trial
Becky Lloyd, a neighbor and friend of Kouri Richins, who is accused of fatally poisoning her husband in 2022, testified at her trial on Thursday about conversations they had about Richins' marriage. Lloyd said Richins' told her, "In many ways it would be better if he [Richins' husband], if he were dead" in a serious tone. Richins denies killing her husband and has pleaded not guilty to charges.
Body parts of kidnapped tourist found on Bali beach, police say
Ihor Komarov, 28, was identified from DNA samples taken from the dismembered body and compared to those of his mother, police said.
Suspect arrested in Utah triple homicide
Authorities have arrested a suspect in the killing of three women in Utah, identifying him as Ivan Miller. CBS News correspondent Carter Evans reports.
U.S. contractor who allegedly stole $46 million of crypto arrested, FBI says
John Daghita was arrested on the island of Saint Martin, FBI Director Kash Patel said.
Space
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Space
Why NASA is overhauling Artemis program
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
How NASA plans to get astronauts on the moon
NASA announced an overhaul to its Artemis moon program as safety concerns persist. CBS News space contributor Christian Davenport breaks down the key takeaways.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Safety concerns over NASA's Artemis program
NASA's Artemis II mission continues to face concerns and delays. Scott E. Parazynski, a former astronaut, joins CBS News with more.
NASA rolls Artemis II back for repairs
NASA is rolling back the Artemis II moon rocket from its launch pad at the Kennedy Space Center in Florida. It is expected to take up to 12 hours to move the 322-foot rocket, with the journey spanning four miles back to its hangar for repairs. CBS News space consultant Bill Harwood has more.
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.
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?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
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
Video contradicts ICE claims in fatal shooting
Video of the March 2025 fatal shooting of American citizen Ruben Ray Martinez obtained by CBS News appears to contradict claims by federal officials that an Immigration and Customs Enforcement agent shot Martinez because he "accelerated" and "intentionally ran over" another agent with his car. The footage shows that Martinez's car, a blue Ford Fusion, was stationary or going at a very low rate of speed when he was fatally shot, and the brake lights appear to be on. CBS News reached out to representatives for the Department of Homeland Security seeking comment on the footage and is awaiting a response.
Doctor adopts boy, finds homes for siblings
When a little boy showed up alone for a major procedure in Nebraska, an anesthesiologist stepped in. As Steve Hartman reports, she didn't stop there.
Man charged in killings of three women in Utah
Authorities in Utah have identified the man taken into custody on suspicion of killing three women. Jonathan Vigliotti reports.
Tornado leaves path of destruction in Michigan
A tornado tore through southern Michigan, leaving a path of destruction through the town of Three Rivers. Omar Villafranca has details.
Oil and jobs report drive Wall Street volatility
Oil and gas prices are going up, and stock values are coming down as the war with Iran reaches nearly one week. Meanwhile, the U.S. job market lost 92,000 jobs in February, marking an unexpected setback for the economy. Kelly O'Grady has analysis.