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.
OPEC
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.
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.
Live
Trump threatens to invade Iran, "obliterate" its energy resources
Energy markets remain volatile as President Trump threatens Iran with an invasion to seize its oil while also suggesting a deal could soon end the war.
First on CBS
Michigan synagogue attack was act of terrorism inspired by Hezbollah, officials say
Federal officials on Monday for the first time labeled the March 12 attack at Temple Israel as an act of terrorism inspired by Hezbollah, an Iran-backed militant group.
Special Operations Forces, Marines and Army troops now in Middle East, sources say
The forces give Trump military options in Iran, including operations that could target opening the Strait of Hormuz, take oil from Kharg Island or seize Iran's stockpile of enriched uranium, sources said.
Army reviewing helicopter flyby at Kid Rock's house during training flight
Kid Rock shared videos to social media that show two Army helicopters outside of his Tennessee home. An Army official confirmed to CBS News that it was a training flight.
DeSantis signs bill to rename Palm Beach airport after Trump
President Trump's family business filed a trademark application for the name in February in response to the Florida bill.
Exclusive
Vance appears at secretive donor summit as 2028 presidential speculation grows
JD Vance headlined a closed-door gathering for the spring summit of the Rockbridge Network, a secretive donor group that Vance co-founded in 2019 during his stint as a private investor.
Countdown begins for long-awaited Artemis II moon mission
Countdown clocks began ticking Monday, setting the stage for launch of the Artemis II moon mission early Wednesday evening.
TSA absences still high at some airports, even as workers begin to get back pay
TSA staffing shortages remain far more severe than the national average, although wait times seemed to be stabilizing Monday.
Fighter jets intercept plane near Trump's Mar-a-Lago resort
Fighter jets were scrambled over Palm Beach after a civilian plane breached restricted airspace near President Trump's Mar-a-Lago resort, officials said.
U.S.
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NFL announces what city will host the Super Bowl in 2029
The Super Bowl will return to Las Vegas in 2029 for the second time after NFL owners voted Monday to award the nation's gambling and entertainment capital the big game.
Exclusive
Vance appears at secretive donor summit as 2028 presidential speculation grows
JD Vance headlined a closed-door gathering for the spring summit of the Rockbridge Network, a secretive donor group that Vance co-founded in 2019 during his stint as a private investor.
Countdown begins for long-awaited Artemis II moon mission
Countdown clocks began ticking Monday, setting the stage for launch of the Artemis II moon mission early Wednesday evening.
DeSantis signs bill to rename Palm Beach airport after Trump
President Trump's family business filed a trademark application for the name in February in response to the Florida bill.
TSA absences still high at some airports, even as workers begin to get back pay
TSA staffing shortages remain far more severe than the national average, although wait times seemed to be stabilizing Monday.
MoneyWatch
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JetBlue raises checked bag fees as fuel costs climb amid Iran war
JetBlue is hiking bag check fees as airlines face higher jet fuel costs related to the Iran war, making flying more expensive.
Online sports betting linked to rising delinquency rates, report finds
A study from the New York Fed found that delinquency rates increased faster in states where online sports betting is legal.
Fed's Powell tells students not to despair despite tough job market
In a Monday speech, Powell also touched on the impact of the Iran war, saying that longer-term inflation expectations remain in check.
Air Canada CEO to retire after backlash over English-only crash message
Air Canada will seek a new CEO with "the ability to communicate in French" after Rousseau's English-only condolence message about the deadly New York crash.
Brent crude touches $115 a barrel, while stocks resume a losing streak
U.S. stocks swung on Monday as oil prices kept climbing because of uncertainty about when the war with Iran could end.
Politics
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Exclusive
Vance appears at secretive donor summit as 2028 presidential speculation grows
JD Vance headlined a closed-door gathering for the spring summit of the Rockbridge Network, a secretive donor group that Vance co-founded in 2019 during his stint as a private investor.
DeSantis signs bill to rename Palm Beach airport after Trump
President Trump's family business filed a trademark application for the name in February in response to the Florida bill.
TSA absences still high at some airports, even as workers begin to get back pay
TSA staffing shortages remain far more severe than the national average, although wait times seemed to be stabilizing Monday.
Army reviewing helicopter flyby at Kid Rock's house during training flight
Kid Rock shared videos to social media that show two Army helicopters outside of his Tennessee home. An Army official confirmed to CBS News that it was a training flight.
NYT accuses Pentagon of flouting judge's order blocking its press access policy
The New York Times says the Defense Department flouted a court order blocking it from enforcing a policy limiting press access to the Pentagon.
HealthWatch
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States pay contractors millions to comply with Trump law to cut Medicaid rolls
The One Big Beautiful Bill Act will add red tape and restrictions for those seeking Medicaid and SNAP benefits. And the costs to update computer systems that determine eligibility for those programs will be steep.
Hockey player diagnosed with Stage IV cancer at 26: "It was surreal"
David Lyon is one of the rising number of young adults to be diagnosed with colorectal cancer.
What to know about the "wild, wild West" of viral peptide claims
Here's what to know about peptides, what they can and can't do, and what's driving viral claims about possible health benefits online.
CDC's acting chief promises a return to stability in a tumultuous moment
Dr. Jay Bhattacharya, head of the National Institutes of Health and interim leader of the Centers for Disease Control and Prevention, told staff a permanent CDC director could be nominated soon. "I know that it has been such a difficult year," he said.
FDA says billionaire's claims about cancer drug Anktiva are misleading
Federal health officials posted a warning about misleading statements by biotech billionaire Dr. Patrick Soon-Shiong about his company's bladder cancer drug Anktiva.
World
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Nearly $100 million worth of cocaine found hidden in bananas
The massive seizure of cocaine marked the latest instance of the illicit drug being found hidden in a shipment of the fruit.
Air Canada CEO to retire after backlash over English-only crash message
Air Canada will seek a new CEO with "the ability to communicate in French" after Rousseau's English-only condolence message about the deadly New York crash.
Snowy owl, cheetah among 40 species granted international protection
According to a recent report, nearly one in four species catalogued by the CMS are threatened with extinction on a worldwide scale.
Special Operations Forces, Marines and Army troops now in Middle East, sources say
The forces give Trump military options in Iran, including operations that could target opening the Strait of Hormuz, take oil from Kharg Island or seize Iran's stockpile of enriched uranium, sources said.
Thieves grab paintings by 3 masters from Italian museum in under 3 minutes
Thieves made off with three paintings by Renoir, Cézanne and Matisse worth millions from an Italian museum in under three minutes, reports say.
Entertainment
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Entertainment
Barbie Dream Fest disappoints some attendees
A Barbie Dream Fest event in Fort Lauderdale, Florida, generated backlash from attendees over its allegedly underwhelming experience. Jessica Nova, who drove in from Atlanta for the occasion, joins CBS News to recount her experience.
NYT accuses Pentagon of flouting judge's order blocking its press access policy
The New York Times says the Defense Department flouted a court order blocking it from enforcing a policy limiting press access to the Pentagon.
Extended Interview: Dancers in "Cats: The Jellicle Ball"
Mo Rocca learns some tricks from the dancers in "Cats: The Jellicle Ball."
Extended Interview: Stars of "Cats: The Jellicle Ball"
Mo Rocca sits down with Tony Award-winner André De Shields, Ken Ard, Junior LaBeija and Leiomy, who star in "Cats: The Jellicle Ball."
Extended Interview: Directors of "Cats: The Jellicle Ball"
Mo Rocca sits down with Zhailon Levingston and Bill Rauch, the directors of "Cats: The Jellicle Ball."
Technology
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Technology
Company tries to make flying car of the future
Many have dreamed of a future with flying cars, eliminating traffic on the morning commute. One company is trying to make that dream a reality. Itay Hod reports.
Judge blocks Pentagon's Anthropic risk label
A judge has temporarily blocked the Pentagon's attempt to designate Anthropic as a supply chain risk. CBS News legal contributor Jessica Levinson joins with analysis.
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.
Kentucky family rejects millions for land
A mother and daughter in Kentucky have turned down a $26 million offer for their land. The offer came from an unnamed tech company wanting to build a data center. CBS News' Jared Ochacher spoke with the family.
CBS News poll analysis on what jobs AI should be doing
As AI use rises, many see it decreasing the number of jobs available.
Science
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Snowy owl, cheetah among 40 species granted international protection
According to a recent report, nearly one in four species catalogued by the CMS are threatened with extinction on a worldwide scale.
Everything to know about NASA's moon mission launching this week
NASA is poised to launch four astronauts April 1 on a historic nine-day trip around the moon and back. Here's everything to know about the Artemis II mission.
Arctic sea ice hits lowest winter level as heat records are shattered worldwide
Arctic sea ice levels are crucial to Earth's climate because, without the ice reflecting sunlight, more heat energy goes into the oceans.
Sharks in Bahamas test positive for caffeine, painkillers, cocaine
Marine biologists found detectable levels of caffeine, cocaine and the over-the-counter painkillers in the blood of 28 sharks.
What to know about the "wild, wild West" of viral peptide claims
Here's what to know about peptides, what they can and can't do, and what's driving viral claims about possible health benefits online.
Crime
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Crime
New details on Michigan attacker's activity
The FBI has labeled the March 12 attack on a Michigan synagogue as an act of terrorism inspired by Hezbollah, the Iran-backed militant group. CBS News' Anna Schecter has the details.
FBI: Synagogue attack was Hezbollah-inspired
The March 12 attack on a synagogue in West Bloomfield, Michigan, was an act of terrorism inspired by the militia group Hezbollah, federal officials said at a news conference Monday. Watch the full remarks.
Nearly $100 million worth of cocaine found hidden in bananas
The massive seizure of cocaine marked the latest instance of the illicit drug being found hidden in a shipment of the fruit.
Thieves grab paintings by 3 masters from Italian museum in under 3 minutes
Thieves made off with three paintings by Renoir, Cézanne and Matisse worth millions from an Italian museum in under three minutes, reports say.
Fugitive accused of killing 2 cops is shot dead after 7-month manhunt
Desmond Freeman fled into dense bushland in August last year after shooting and killing two police officers who came to search his rural home.
Space
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Space
Good weather predicted ahead of Artemis II launch
Forecasters are predicting good weather ahead of the scheduled, historic Artemis II moon mission on Wednesday. CBS News space consultant Bill Harwood joins from the Kennedy Space Center with the latest on preparations.
Countdown begins for long-awaited Artemis II moon mission
Countdown clocks began ticking Monday, setting the stage for launch of the Artemis II moon mission early Wednesday evening.
Former NASA astronaut on Artemis II launch
A crew of four astronauts are set for liftoff on Wednesday in a mission that will take them around the moon. Former NASA astronaut Terry Hart joins "The Takeout" to discuss the historic Artemis II effort.
Artemis II to launch this week
NASA is hoping to lift off Wednesday on its Artemis II mission that will send a four-member crew on a nine-day trip around the moon and back before splashing down off the coast of San Diego. Mark Strassmann has more.
Meet the astronauts about to make history on flight around the moon
NASA's Artemis II astronauts — three space station veterans and a Canadian rookie — stand out even in an astronaut corps full of super achievers.
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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
3/30: The Takeout with Major Garrett
More U.S. troops arrive in the Middle East while Trump touts Iran talks; TSA workers begin receiving paychecks, but shutdown continues.
UConn shocks Duke with last-second shot
The Final Four is set in the NCAA Men's Basketball Tournament after a dramatic finish in Sunday night's matchup between UConn and Duke. Scott Dochterman, college sports reporter for The Athletic, joins CBS News to preview the upcoming semifinals.
What latest deployment signals about Iran war
Sources confirmed to CBS News that the latest deployment to the Middle East includes special operation forces, like Navy SEALs and Army Rangers, in addition to thousands of Marines and Army paratroopers. CBS News national security analyst Aaron MacLean joins to examine the move.
UConn's historic comeback against Duke
UConn downed Duke with a last-second 3-pointer to join Illinois, Arizona and Michigan in the Final Four. Tony Dokoupil has more.
Anticipation grows for Artemis II moon launch
After weeks of delays, NASA is finally poised for the launch of a historic flight this week to send a crew of four astronauts on a trailblazing nine-day trip around the moon and back. Mark Strassmann has more.