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.
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Iran says it expects response to ceasefire plan already rejected by Trump
Trump says U.S. and Iranian negotiators are talking via mediators, but insists he has "offered them NOTHING" to get a peace deal done.
Jack Smith to testify about Trump probes before Senate panel today
Former special counsel Jack Smith will testify Tuesday before the Senate Judiciary Committee as part of its investigation into his probes of President Trump.
Details emerge in case of former Cornell student alleging rape by frat members
A woman, identified only as Jane Doe, alleges she was gang-raped by seven fraternity members in 2024 and accuses Cornell University of failing to protect her.
Trump, Johnson to meet with AI execs at White House amid debate over safety
The meeting comes as some industry leaders warn about the risks of rapid AI advancements.
OpenAI halts model release over safety concerns: "Didn't quite meet the bar"
OpenAI said it has chosen not to release its new GPT-6.1 Astra model due to concerns about safety, as industry leaders warn of the risks posed by ever-more-powerful AI technology.
Senate approves sweeping bill to regulate college sports
The Senate on Thursday approved a sweeping college sports bill to establish a federal framework for college athletics aimed at protecting student athletes — despite some pushback from some Democrats who argue that it could do the opposite.
U.S. ban on almost $1 billion in Canadian imports takes effect
The United States has banned nearly $1 billion worth of Canadian imports, including alcoholic beverages, dairy products and motorcycles.
Democrat Abdul El-Sayed courts RFK Jr.'s MAHA voters with new health platform
Michigan Democratic Senate candidate Abdul El-Sayed is making a play for Robert F. Kennedy Jr.'s "Make America Healthy Again" supporters with the release Tuesday of a new health policy platform.
Dennis Haskins, who played Mr. Belding on "Saved by the Bell," has died
Dennis Haskins, who played Principal Richard Belding in "Saved By The Bell," has died. He was 75.
U.S.
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Dennis Haskins, who played Mr. Belding on "Saved by the Bell," has died
Dennis Haskins, who played Principal Richard Belding in "Saved By The Bell," has died. He was 75.
Possible 1884 shipwreck exposed by nor'easter on Nantucket
The Warren Sawyer ran aground on Dec. 22, 1884, while carrying 1,115 bales of cotton and 28 tons of scrap iron from New Orleans to Boston.
Jack Smith to testify about Trump probes before Senate panel today
Former special counsel Jack Smith will testify Tuesday before the Senate Judiciary Committee as part of its investigation into his probes of President Trump.
2 U.S. aviators eject landing plane on carrier off Virginia and 4 sailors hurt
Two U.S. aviators ejected as they were landing their plane on the USS Dwight D. Eisenhower aircraft carrier off Virginia and four sailors on the vessel were hurt in what the Navy called a "mishap."
OpenAI halts model release over safety concerns: "Didn't quite meet the bar"
OpenAI said it has chosen not to release its new GPT-6.1 Astra model due to concerns about safety, as industry leaders warn of the risks posed by ever-more-powerful AI technology.
MoneyWatch
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U.S. ban on almost $1 billion in Canadian imports takes effect
The United States has banned nearly $1 billion worth of Canadian imports, including alcoholic beverages, dairy products and motorcycles.
OpenAI halts model release over safety concerns: "Didn't quite meet the bar"
OpenAI said it has chosen not to release its new GPT-6.1 Astra model due to concerns about safety, as industry leaders warn of the risks posed by ever-more-powerful AI technology.
Peperoncini product recalled after "pest contaminant" found in jar
California food manufacturer said it is investigating after a consumer posted a video showing a rodent in a jar of the company's peperoncinis.
Holiday airfares soar to 10-year high. Here's how to save on flights.
Airfares for round-trip U.S. flights have jumped 31% compared to the same period last year, and tickets are likely to get pricier, according to a new analysis.
Gas prices could soar if the U.S. bans diesel exports, economists say
President Trump said he is "very seriously" considering a ban on diesel exports. But such a move could drive U.S. gas prices sharply higher, analysts said.
Politics
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3 news outlets seek extension of ban on their being blocked from White House
CNN, MS NOW and Politico, which President Trump abruptly banished from White House grounds this month, asked a federal court to block the ban until the case against it is resolved.
Democrat Abdul El-Sayed courts RFK Jr.'s MAHA voters with new health platform
Michigan Democratic Senate candidate Abdul El-Sayed is making a play for Robert F. Kennedy Jr.'s "Make America Healthy Again" supporters with the release Tuesday of a new health policy platform.
Jack Smith to testify about Trump probes before Senate panel today
Former special counsel Jack Smith will testify Tuesday before the Senate Judiciary Committee as part of its investigation into his probes of President Trump.
U.S. ban on almost $1 billion in Canadian imports takes effect
The United States has banned nearly $1 billion worth of Canadian imports, including alcoholic beverages, dairy products and motorcycles.
Senate approves sweeping bill to regulate college sports
The Senate on Thursday approved a sweeping college sports bill to establish a federal framework for college athletics aimed at protecting student athletes — despite some pushback from some Democrats who argue that it could do the opposite.
HealthWatch
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Food safety becomes election issue as major outbreaks, recalls cause concern
Recent outbreaks of foodborne illness and high-profile recalls have made food safety a concern of voters.
Teen's headache reveals family health risk: "Saving people's lives"
Minutes into a run, Caroline McCaffrey was struck with a massive headache. The resulting medical journey would reveal a family risk for a dangerous condition.
Will an FDA crackdown curb access to cheaper GLP-1 weight-loss drugs?
The FDA has warned a major compounding pharmacy that it violated federal law by making copies of blockbuster weight-loss drugs in "inordinate amounts."
Bone health and the "silent disease": 4 things women should know
In the latest episode of "Healthful," Dr. Jocelyn Wittstein, an orthopedic surgeon at Duke University School of Medicine, discusses what women should know about protecting their bones.
Even the smallest joys can help prevent suicide, researchers say
New research highlights common themes shared by people who found reasons to keep living through dark times.
World
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Search for missing students leads to human remains, 17 suspects
A new analysis of phone calls made on the night of the students' disappearance led to the arrests of 17 new suspects, officials said.
Pope Leo draws massive crowds in France. Is Catholicism making a comeback?
Large crowds in Paris and other parts of France offered a striking welcome for Pope Leo in one of Europe's most secular countries.
Princess Diana's brother says Buckingham Palace "has to gaslight" him
Charles Spencer, the brother of the late Princess Diana, spoke to "CBS Mornings" co-host Gayle King about writing his new book, "Swan Song: Diana, My Sister."
Wife, daughter of top drug lord held in U.S. are captured in Colombia
The women, who are wanted for money laundering, were arrested in an operation involving the FBI, President Abelardo de la Espriella said.
Russia hammers Ukraine's capital with major daytime drone strike
A wave of Russian strikes hit Ukraine Monday, killing at least 7 people, including a woman hit by a daytime strike on the National Academy of Sciences in Kyiv.
Entertainment
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Dennis Haskins, who played Mr. Belding on "Saved by the Bell," has died
Dennis Haskins, who played Principal Richard Belding in "Saved By The Bell," has died. He was 75.
Former "American Idol" singer's murder trial moves to closing arguments
A former Ohio music pastor who appeared on the singing competition "American Idol" is on trial over allegations that he killed his wife while having an affair.
Highlights from the VMA "teal" carpet
Stars stunned on the MTV Video Music Awards "teal" carpet Sunday night in Los Angeles, California. Vlad Duthiers breaks down some of the night's best moments.
Key highlights from the 2026 MTV VMAs
Madonna and Taylor Swift won big at the 2026 MTV Video Music Awards, where artists also honored Dolly Parton's legacy and celebrated new singers making their global debuts. CBS News' Vlad Duthiers reports.
VMA performance highlights
Vlad Duthiers and Denny Directo break down the most iconic performances from Sunday's MTV Video Music Awards, which included performances by Madonna, Shaboozey, Raye and more.
Technology
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OpenAI halts model release over safety concerns: "Didn't quite meet the bar"
OpenAI said it has chosen not to release its new GPT-6.1 Astra model due to concerns about safety, as industry leaders warn of the risks posed by ever-more-powerful AI technology.
Nvidia launches new security tool
Technology company and chip maker Nvidia has created a new security platform aimed at preventing artificial intelligence agents from going rogue. Connor Leahy, executive director of ControlAI, joins "The Daily Report" to discuss.
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.
Trump, Johnson to meet with AI execs at White House amid debate over safety
The meeting comes as some industry leaders warn about the risks of rapid AI advancements.
AI companies probing rogue incidents: Axios
Axios reports that OpenAI, Anthropic and security researchers are investigating tens of thousands of cases where AI models showed troublesome behavior like bypassing guardrails, creating message boards and even hacking websites. New York Times technology correspondent Mike Isaac joins CBS News to discuss.
Science
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Science
Neuroscientists grow human brain tissue in mice
Neuroscientists at Stanford University successfully grew human brain tissue inside mice in the hopes of further enabling the development of treatments for brain disorders. Stanford Medicine professor of psychiatry and behavioral sciences Dr. Sergiu Pasca, who led the study, joins CBS News to break down the findings.
New species of wild cat discovered for first time in more than a century
Scientists have discovered a new species of wild cat for the first time in more than a century, a Bolivian researcher says.
Humpback whale seen grieving dead calf in rare footage
The footage shows a female humpback whale staying close to the dead calf as it lies motionless on the seafloor, touching it with its head and fin.
Remains of ancient warhorse given honorific burial discovered in Egypt
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
Anthropic CEO says "exponential" growth of AI is a "warning sign"
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
Crime
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Search for missing students leads to human remains, 17 suspects
A new analysis of phone calls made on the night of the students' disappearance led to the arrests of 17 new suspects, officials said.
Former "American Idol" singer's murder trial moves to closing arguments
A former Ohio music pastor who appeared on the singing competition "American Idol" is on trial over allegations that he killed his wife while having an affair.
Man who spent decades on death row ordered released on bail after no DNA match
No physical evidence linked him to the crime scene, but the jury convicted Douglas Stewart Carter, a Black man, based on a confession and two witnesses who later recanted.
Cornell frat gang rape probe to be reopened
Nearly two years after a young woman first told authorities that she'd been raped inside a fraternity house at Cornell University, the local district attorney, who had initially declined to pursue criminal charges, says he is reopening the investigation. Lilia Luciano reports on what's changed.
Case reopened into alleged 2024 Cornell gang rape
Prosecutors say they are reopening an investigation into an alleged 2024 gang rape at Cornell University. CBS News' Anna Schecter reports.
Space
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NASA plans Starliner test flight after astronauts got stuck at space station
NASA says it is committed to helping Boeing get its Starliner back in space after multiple upgrades and improvements.
SpaceX launches Starship on giant rocket's first flight to orbit
The Super Heavy-Starship rocket's 14th test flight, the first boosting the upper stage to orbit, marked a major milestone for both SpaceX and NASA.
NASA spacecraft discovers moon crater bigger than Roman Colosseum
Scientists have discovered a crater on the moon that's bigger than the Roman Colosseum, the result of a powerful impact two years ago.
NASA launches its Roman Space Telescope to explore the hidden universe
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
Roman Space Telescope promises 300-megapixel views of the cosmos
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
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.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
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.
Latest CBS News Videos
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Latest CBS News Videos
Extended interview: Patrick Clancy
Patrick Clancy wrestles with grief and shares memories of his children in his first interview since his ex-wife Lindsay Clancy's murder trial ended without a verdict.
What the NFL Taught Nate Burleson About Money
What does it take to build a life and career after professional sports? Today, Jill and Mark are breaking format to sit down with "CBS Mornings" co-host and former NFL player Nate Burleson. Nate talks about his journey from the football field to television, and the financial decisions that shaped his second act. Don't miss this special episode, gang!
Cornell frat gang rape probe to be reopened
Nearly two years after a young woman first told authorities that she'd been raped inside a fraternity house at Cornell University, the local district attorney, who had initially declined to pursue criminal charges, says he is reopening the investigation. Lilia Luciano reports on what's changed.
Trump announces Iowa steel plant project
President Trump has announced a multi-billion-dollar steel plant project in Iowa. What the president called the "largest steel plant in U.S. history" is expected to be up and running by 2030. CBS News correspondent Lana Zak has more details.
Previewing Yankees-Red Sox Wild Card series
Major League Baseball's grueling 162-game regular season ended on Sunday and postseason baseball is here. Four games kick off the wild-card round starting Tuesday. Levi Weaver, a staff writer for The Athletic, previews the MLB playoffs.