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
As U.S.-Israeli war with Iran intensifies, Trump says it is "ahead of schedule"
President Trump's assurances that a rising U.S. death toll and soaring energy prices will be temporary and worth the pain are failing to assuage jittery investors.
Watch Live: Trump says Iran war will end "very soon" at Florida news conference
President Trump is holding a news conference in Miami after saying the war with Iran is "very complete, pretty much."
Alexander brothers found guilty on all charges in sex trafficking trial
Jurors in Manhattan federal court reached a verdict Monday after weeks of testimony in the sex trafficking trial of brothers Tal, Oren and Alon Alexander.
Trump tells CBS News "the war is very complete"
President Trump told CBS News the U.S. war with Iran is "very complete," and said the U.S. "could do a lot" about the Strait of Hormuz.
FBI launches terrorism probe into IED attack outside Mamdani's residence
Two men from Pennsylvania are facing federal charges for the incident. Video captured someone yelling "Allahu Akbar" just as a protester threw an "ignited device" during an anti-Islam demonstration in New York City.
For 2nd time, judge rules top DOJ officials in New Jersey are serving unlawfully
A judge ruled last summer that President Trump's former lawyer Alina Habba was illegally serving as top New Jersey's federal prosecutor. On Monday, Habba's replacements were also disqualified.
Here's how much Americans are paying for gas as oil prices spike
The U.S. average gas price has jumped 48 cents since last week, with experts predicting that higher fuel costs could persist for months.
Hegseth says Iran will eventually have no choice but to surrender
Secretary Pete Hegseth says it's President Trump who will set the terms of Iran's surrender, noting the U.S. is confident it will come, even as Iran's president said the U.S. demand for "unconditional surrender" is "a dream that they should take to their grave."
JFK's grandson criticizes "Love Story" as Daryl Hannah slams her portrayal
The series "Love Story," which follows the relationship between JFK Jr. and his wife Carolyn Bessette Kennedy, has received pushback over its portrayals.
U.S.
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Alexander brothers found guilty on all charges in sex trafficking trial
Jurors in Manhattan federal court reached a verdict Monday after weeks of testimony in the sex trafficking trial of brothers Tal, Oren and Alon Alexander.
Watch Live: Trump says Iran war will end "very soon" at Florida news conference
President Trump is holding a news conference in Miami after saying the war with Iran is "very complete, pretty much."
Raw oysters and clams recalled in 9 states over norovirus risks
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
California rep. leaves GOP to become an independent, complicating majority
Rep. Kevin Kiley of California said Monday he was immediately leaving the Republican Party to become an independent.
Here's how much Americans are paying for gas as oil prices spike
The U.S. average gas price has jumped 48 cents since last week, with experts predicting that higher fuel costs could persist for months.
MoneyWatch
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Raw oysters and clams recalled in 9 states over norovirus risks
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
Here's how much Americans are paying for gas as oil prices spike
The U.S. average gas price has jumped 48 cents since last week, with experts predicting that higher fuel costs could persist for months.
Anthropic sues Trump administration over "supply chain risk" order
Anthropic sued the Defense Department and other federal agencies on Monday over the government's move to designate it a risk to the supply chain.
Stocks regain ground after early losses as oil prices cool
After a sharp drop in early trading, stocks recovered part of those losses as oil prices fell back below $100.
Live Nation to open Ticketmaster to other sellers in U.S. antitrust deal
Live Nation, the parent company of Ticketmaster, has reached a deal with the Department of Justice as part of a high-stakes antitrust trial.
Politics
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For 2nd time, judge rules top DOJ officials in New Jersey are serving unlawfully
A judge ruled last summer that President Trump's former lawyer Alina Habba was illegally serving as top New Jersey's federal prosecutor. On Monday, Habba's replacements were also disqualified.
Watch Live: Trump says Iran war will end "very soon" at Florida news conference
President Trump is holding a news conference in Miami after saying the war with Iran is "very complete, pretty much."
Trump tells CBS News "the war is very complete"
President Trump told CBS News the U.S. war with Iran is "very complete," and said the U.S. "could do a lot" about the Strait of Hormuz.
California rep. leaves GOP to become an independent, complicating majority
Rep. Kevin Kiley of California said Monday he was immediately leaving the Republican Party to become an independent.
Anthropic sues Trump administration over "supply chain risk" order
Anthropic sued the Defense Department and other federal agencies on Monday over the government's move to designate it a risk to the supply chain.
HealthWatch
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Raw oysters and clams recalled in 9 states over norovirus risks
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
More kids are in ERs for tooth pain. Budget cuts and fluoride fights aren't helping.
Dentists, hygienists, and researchers say a shortage of rural dental care professionals and worsening oral hygiene since the COVID-19 pandemic mean more kids are ending up in the emergency room for tooth decay.
Baby sleepsuit sold at Walmart recalled over potential choking hazard
The zipper head on the recalled HALO Magic Sleepsuits poses a danger to babies, according to the U.S. Consumer Product Safety Commission.
A Pilates teacher thought she had the flu. Doctors found aggressive cancer
Debi Weiss thought her fatigue and weakness was a seasonal illness, but her condition quickly worsened.
Trump administration's embattled FDA vaccine chief is leaving — again
In July, Prasad was briefly forced from his job, but was reinstated less than two weeks later.
World
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Trump tells CBS News "the war is very complete"
President Trump told CBS News the U.S. war with Iran is "very complete," and said the U.S. "could do a lot" about the Strait of Hormuz.
23 soccer players sent off after huge brawl in Brazilian Cup final
Former Brazil forward Hulk was among the players sent off following the violence that lasted more than a minute.
Trump says he's "not happy" about Iran's new supreme leader
Mojtaba Khamenei was named Iran's new supreme leader following the death of his father in the U.S.-Israeli strikes.
Police warn of "crocs absolutely everywhere" after Australia floods
Police in Australia warned of crocodiles "absolutely everywhere" and said they had moved more than 1,000 people across the state into shelter after massive floods.
5 Iranian soccer players who sought asylum in Australia allowed to stay
Iran's women's soccer team was branded "traitors" after declining to sing their national anthem at the Asian Cup in Australia, fueling fear for the women if they returned home.
Entertainment
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Entertainment
Latest on shots fired at Rihanna's home
A woman has been arrested for allegedly firing several shots Sunday at the Beverly Hills home of pop music star Rihanna. CBS News Los Angeles' Tina Patel reports.
Live Nation to open Ticketmaster to other sellers
Live Nation, the parent company of Ticketmaster, has agreed to pay $280 million in civil penalties to 40 states that sued the company on antitrust grounds. As part of the settlement, Ticketmaster must also open technology to allow other ticket sellers to use its platform to reach customers, multiple sources told CBS News. Yasmin Khorram, economic policy reporter for Politico, joined CBS News to discuss.
Matthew Fox on starring in "The Madison"
Matthew Fox, who starred in the hit series "Lost," talks about being part of the cast for the new Paramount+ show "The Madison." He describes how he relates to his character, why he decided to return to Hollywood and working with Kurt Russell again.
Controversy over new series "Love Story"
Daryl Hannah, who dated John F. Kennedy Jr. in the 1990s, criticized the series "Love Story" and its portrayal of her. The FX series is about JFK Jr. and Carolyn Bessette, focusing on their courtship and marriage, which began after Kennedy's relationship with Hannah. In The New York Times, Hannah said the portrayal of her is "not even remotely accurate."
Rihanna's Beverly Hills home hit by gunfire; suspect arrested, LAPD says
A woman was arrested on Sunday for firing multiple shots at the Beverly Hills home of Rihanna, Los Angeles Police Department officials say.
Technology
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Technology
The evolution of Apple over 50 years
David Pogue, an author and correspondent for "CBS Sunday Morning," talks about covering the rise of Apple over his career as the company is set to turn 50 next month, and his new book, "Apple: The First 50 Years."
Overusing artificial intelligence can give workers "AI brain fry," study finds
Artificial intelligence can give some workers "brain fry" if overused, according to a new study published in Harvard Business Review.
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.
Extended interview: Tim Cook
In this web exclusive, Tim Cook, the CEO of Apple, talks with "Sunday Morning" correspondent David Pogue (author of "Apple: The First 50 Years") to discuss the company's first half-century and its constant focus on "the next thing." He also talks about the vision of Steve Jobs, whose return to Apple in 1997 reinvigorated the company.
Apple turns 50, in a world it helped create
David Pogue, author of "Apple: The First 50 Years," talks with Apple's co-founder Steve Wozniak, CEO Tim Cook, and others about the vision of Steve Jobs, and how the company's products and services have reshaped life, technology and culture in the 21st century.
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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Alexander brothers found guilty on all charges in sex trafficking trial
Jurors in Manhattan federal court reached a verdict Monday after weeks of testimony in the sex trafficking trial of brothers Tal, Oren and Alon Alexander.
Teacher dies after alleged prank goes wrong
A Georgia community is in mourning after a beloved teacher died during an alleged student prank gone wrong. CBS News correspondent Elaine Quijano reports.
Charges announced in NYC explosives attack
Charges have been announced against two men after an explosive device was ignited outside New York City Mayor Zohran Mamdani's residence over the weekend. CBS News' Anna Schecter has more.
Latest on explosive devices at Gracie Mansion
TATP, or triacetone triperoxide, was found inside undetonated explosive devices near New York City Mayor Zohran Mamdani's house, NYPD Commissioner Jessica Tisch said on Monday. She also said the incident is being investigated as "an act of ISIS-inspired terrorism." CBS News' Anna Schecter has more details.
Latest on devices at NYC mayor mansion
New York City Mayor Zohran Mamdani and New York Police Department Commissioner Jessica Tisch provided updates on the explosive devices outside of the Gracie Mansion on Sunday after tensions escalated between two different protest groups. Tisch said the devices are being investigated as "an act of ISIS-inspired terrorism." CBS News senior coordinating producer Anna Schecter has more.
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
Inside Trump's mindset in 2nd week of Iran war
The war in Iran is now in its 10th day. CBS News' Robert Costa and Weijia Jiang both spoke with President Trump about the state of the conflict and joined "The Takeout" to describe their conversations.
Hegseth on U.S. boots on the ground in Iran
When asked about the potential for U.S. troops on the ground in Iran, Defense Secretary Pete Hegseth told CBS News chief Washington correspondent Major Garrett, "You don't tell anybody what your limits would be on an operation." Former CIA officer Elliot Ackerman joins with analysis.
Hegseth says U.S. probing strike on school
Sources tell CBS News that a preliminary intelligence assessment suggests the U.S. is "likely" responsible for the bombing of a girls' school in Iran that killed 168 people, many of them children, on Feb. 28. The report also suggests the U.S. did not intentionally target the school and may have hit it in error. CBS News chief correspondent Matt Gutman has more.
Teacher dies after alleged prank goes wrong
A Georgia community is in mourning after a beloved teacher died during an alleged student prank gone wrong. CBS News correspondent Elaine Quijano reports.
Trump considering Strait of Hormuz takeover
President Trump told CBS News' Weijia Jiang on Monday that the Iran war could be almost over and that he's eyeing control of the Strait of Hormuz. CBS News White House reporter Olivia Rinaldi has the details on the conversation.