Breaking down OPEC and its influence
President Trump gave his endorsement to the United Arab Emirates' decision to leave the Organization of the Petroleum Exporting Countries, or OPEC, on Wednesday. "The Daily Report" breaks it down.
OPEC
Gas prices at highest level since Iran war began
Gas prices have surged to their highest level since the start of the U.S.-Israeli war with Iran. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Strait of Hormuz in limbo, UAE to leave OPEC
The Strait of Hormuz remains in limbo amid Iran's latest offer to reach a deal with the U.S. Meanwhile, the United Arab Emirates announced its exit from the Organization of the Petroleum Exporting Countries (OPEC), effective May 1. CBS News' Ramy Inocencio has more.
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.
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.
Live
Trump announces "crushing economic operation" on Iran as talks in limbo
President Trump said Wednesday the U.S. might return to negotiations with Iran eventually, but said currently "the situation is so good."
Exclusive
He spied for the U.S. in the war on terror. Now ICE wants to deport him.
The Trump administration is trying to deport a self-described CIA spy who won permission to live in the U.S. by helping convict terrorists.
National debt tops $40 trillion after doubling in under 10 years
Federal debt has mounted amid tax cuts and trillions in pandemic spending, adding to the nation's interest payments.
5 Americans among 7 people killed in Kenya helicopter crash
NBCUniversal said its Florida-based journalist, José Alberto Suárez, was among those killed in the crash.
Prince Harry and Meghan moving back to U.K.
The couple said in January 2020 that they would be stepping away from "senior" royal roles and were working to become financially independent from the royal family.
Michael Cohen, Trump's fixer-turned-nemesis, says he'll interview former boss
"This is the first public conversation between the president and myself in eight years," said Cohen.
Woman told House panel that Gomez sexually assaulted her, attorneys say
The California Democrat said Monday that he "made personal mistakes outside my marriage" and that his "actions were consensual in nature."
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
She's lived through unimaginable grief. Her advice: "Reach for the joy."
Author and grief coach Kate Doerge joined Norah O'Donnell for a candid talk about coping with grief.
U.S.
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Exclusive
He spied for the U.S. in the war on terror. Now ICE wants to deport him.
The Trump administration is trying to deport a self-described CIA spy who won permission to live in the U.S. by helping convict terrorists.
Publix frozen blueberry recall upgraded to highest health risk level
Recalled frozen blueberries and mixed berries that could be contaminated with E. coli pose the most severe category of health risk, according to the FDA.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
2 members of Tennessee college cycling team killed in highway collision
Two members of the Milligan University cycling team were killed, and several more injured, in a collision with a vehicle on a rural highway in eastern Tennessee Wednesday morning.
National debt tops $40 trillion after doubling in under 10 years
Federal debt has mounted amid tax cuts and trillions in pandemic spending, adding to the nation's interest payments.
MoneyWatch
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Publix frozen blueberry recall upgraded to highest health risk level
Recalled frozen blueberries and mixed berries that could be contaminated with E. coli pose the most severe category of health risk, according to the FDA.
National debt tops $40 trillion after doubling in under 10 years
Federal debt has mounted amid tax cuts and trillions in pandemic spending, adding to the nation's interest payments.
Women lag in high-paying AI jobs boom, LinkedIn study finds
AI jobs can command a premium, but women are disproportionately underrepresented in such roles, according to hiring data.
Bond market sell-off threatens to drive up loan costs
The yield on the 30-year Treasury this week hit its highest level since 2007, a rise that could put upward pressure on borrowing costs.
Moderna stock surges as melanoma vaccine trial shows "landmark moment"
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
Politics
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Exclusive
He spied for the U.S. in the war on terror. Now ICE wants to deport him.
The Trump administration is trying to deport a self-described CIA spy who won permission to live in the U.S. by helping convict terrorists.
Michael Cohen, Trump's fixer-turned-nemesis, says he'll interview former boss
"This is the first public conversation between the president and myself in eight years," said Cohen.
Woman told House panel that Gomez sexually assaulted her, attorneys say
The California Democrat said Monday that he "made personal mistakes outside my marriage" and that his "actions were consensual in nature."
How progressive wins in Democratic primaries are shaping the midterms
Progressive momentum has been a prominent storyline as Democrats look to flip control of the House and Senate next year. But how far will it go?
Darline Graham says she's "not that informed on national security" at debate
The Republican nominee for the South Carolina Senate seat will be determined in the runoff between Sen. Darline Graham and Rep. Ralph Norman on Aug. 25.
HealthWatch
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HealthWatch
Melanoma vaccine shows promising results
An experimental melanoma vaccine could reduce the risk of the cancer returning or spreading for some high-risk patients. It's personalized for each patient and optimized using artificial intelligence. Dr. Jon LaPook has more details.
Publix frozen blueberry recall upgraded to highest health risk level
Recalled frozen blueberries and mixed berries that could be contaminated with E. coli pose the most severe category of health risk, according to the FDA.
Moderna stock surges as melanoma vaccine trial shows "landmark moment"
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
She's lived through unimaginable grief. Her advice: "Reach for the joy."
Author and grief coach Kate Doerge joined Norah O'Donnell for a candid talk about coping with grief.
Moving Through Grief
August is National Grief Awareness Month, and Kate Doerge wants to reimagine how we deal with grief. After the experience of losing her 16-year-old daughter, Kate decided it was time to reframe the feeling of sadness. We've all heard of the five stages of grief, but Kate suggests there are five actions to help you learn how to carry your grief. Plus, Norah talks about how she wants to be remembered, and Kate tells us how to show up for people who are grieving.
World
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Prince Harry and Meghan moving back to U.K.
The couple said in January 2020 that they would be stepping away from "senior" royal roles and were working to become financially independent from the royal family.
5 Americans among 7 people killed in Kenya helicopter crash
NBCUniversal said its Florida-based journalist, José Alberto Suárez, was among those killed in the crash.
Israel orders criminal probe into killing of 5-year-old Hind Rajab in Gaza
Israel says military police will investigate the killing of Hind Rajab, a young girl in Gaza whose death at the hands of its forces drew an international outcry.
Trump says he expects to meet with North Korea's Kim Jong Un this year
President Trump wants to meet again with Kim Jong Un to discuss denuclearization, the Wall Street Journal reports, despite having nothing to show for 3 previous summits.
Australian tennis player Nick Kyrgios suspended after positive cocaine test
Australia's Nick Kyrgios has been provisionally suspended from professional tennis after testing positive for cocaine during a tournament in Mallorca.
Entertainment
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Entertainment
"Recess Therapy" host on embracing kid behavior
Julian Shapiro-Barnum is known for his conversations with kids on his series "Recess Therapy." He tells "CBS Mornings" why he thinks adults need to act more childish and embrace some behaviors of children.
Isla Fisher talks "Spa Weekend"
Isla Fisher gives an inside look at the new film, "Spa Weekend," how it highlights the importance of female friendships and how the star-studded cast connected.
Frank Beard, ZZ Top drummer, dies at age 77
"Today, Elwood and I lost a great friend and collaborator, and the world lost one of the most naturally innovative drummers and a great and true son of Texas," ZZ Top's Billy Gibbons said in a statement.
Panettiere was with on-and-off boyfriend when she died, police report says
Brian Hickerson and his brother, Zach, made the 911 call that brought first responders to the apartment where Hayden Panettiere was found unresponsive.
Madonna leads 2026 MTV VMAs with 11 nominations
Madonna leads all artists with 11 nominations at this year's MTV VMAs, and a full sweep would tie her with Beyoncé and Taylor Swift for the most VMA wins in history.
Technology
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Technology
AI companies buying up books: 404 Media
Some used and independent bookstores have reported unexpectedly large book orders and suspect that the books are being scanned to train AI models and then destroyed. As part of a new investigative report, 404 Media put a tracking device in a book to see where it'd end up. Emanuel Maiberg, a journalist and co-founder at 404 Media, joins CBS News to discuss.
Former Meta engineer testifies in fed trial
Wendy Sheehan Donnell, editor-in-chief of PCMag, joins CBS News to discuss the latest in the tech world as a former Meta engineer takes the stand in the company's landmark federal trial for allegedly causing children to become addicted to its products.
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.
Women lag in high-paying AI jobs boom, LinkedIn study finds
AI jobs can command a premium, but women are disproportionately underrepresented in such roles, according to hiring data.
OpenAI launches updated ChatGPT for teens
OpenAI is launching a newer version of its teen-friendly ChatGPT platform. Rebecca Bellan, a senior reporter for TechCrunch, joins with more details on its tools.
Science
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A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Views of the total solar eclipse in Europe
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
Europe sees total solar eclipse
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Astronomy professor on how eclipses work
Janna Levin, professor of physics and astronomy at Barnard College, joins CBS News to discuss Wednesday's total solar eclipse.
Crime
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Crime
Woman missing after husband found dead
Police in Massachusetts are looking for Karen Solomon, a woman whose husband was found dead at their home. Police have said she is "presumed to be armed and dangerous." CBS News' Lilia Luciano has more.
Manhunt for wife of police officer found dead
A search is underway in Massachusetts for a 58-year-old woman considered armed and dangerous whose police officer husband was found dead Tuesday. Lilia Luciano has the latest developments.
Psychologist who treated Clancy testifies
Lindsay Clancy, the Massachusetts woman on trial for killing her three children in 2023, has pleaded not guilty, citing her own struggle with postpartum psychosis. On Wednesday, a psychologist who treated Clancy after the killings testified about her state of mind the night of the tragedy. Shanelle Kaul reports.
Moving pillowcase leads to discovery of reptiles in car seized at border
Federal officers found a moving pillowcase in a car that was seized at the U.S.-Mexico border. A collection of stolen exotic reptiles was inside.
Details emerge on Tupac's murder
Duane "Keffe D" Davis, who is accused of orchestrating the 1996 murder of Tupac Shakur, is back in court for the third day of his trial as more details emerge on the potential motive behind the fatal shooting. CBS News' Katrina Kaufman has more.
Space
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NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
New space object called "black hole star" discovered by astronomers
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
Stunning photos show total solar eclipse over Europe
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
Perseid meteor shower reaches peak viewing on Wednesday night
The Perseid meteor shower is the best viewing all year, according to NASA.
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.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
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.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
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Latest CBS News Videos
What to know about Mark Walter
Mark Walter's sports empire appears to be crumbling due to a federal investigation he's facing. Ben Horney, deals reporter at Front Office Sports, joins CBS News to discuss.
47-year-old walks onto college football team
A 47-year-old father of three walked onto the San Jose City College football team this year. He is taking a beating, but is loving it, and spoke with Tony Dokoupil about the experience.
Pennsylvania's Stacy Garrity on data centers
Pennsylvania Republican gubernatorial candidate Stacy Garrity joins "The Takeout" to discuss why she wants a pause on data center construction, even as President Trump calls for more to be built.
Woman missing after husband found dead
Police in Massachusetts are looking for Karen Solomon, a woman whose husband was found dead at their home. Police have said she is "presumed to be armed and dangerous." CBS News' Lilia Luciano has more.
More than 70 million under intense heat
More than 70 million Americans are facing extreme heat across the South, with temperatures climbing well above 100 in some areas. CBS News' Jason Allen has more.