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
Iran warns the U.S. against a ground invasion as war drags on
Top diplomats from Saudi Arabia, Turkey, and Egypt are meeting in Pakistan on Sunday to push for an end to the Iran war.
Catholic cardinal barred from entering Jerusalem's Church of Holy Sepulchre
The Latin Patriarchate of Jerusalem said it was "the first time in centuries" that heads of the church were unable to celebrate Palm Sunday Mass at the sacred site.
American-born Israeli soldier killed in combat in Lebanon
Sgt. Moshe Yitzchak Hacohen Katz, 22, was born in Connecticut and served in the Israel Defense Forces' Paratroopers Brigade.
2 more arrests in attempted bombing at Bank of America building in Paris
Police did not specify who was arrested or what role they may have played in the attempted bombing.
North Korea tests missile that it claims can target U.S. mainland
The test was in line with Kim Jong Un's goals of targeting the U.S., but some experts speculate the claim may be exaggerated.
Sister recounts 903-day fight to free sibling kidnapped in Iraq
When Princeton graduate student Elizabeth Tsurkov was kidnapped off the street in Iraq in March 2023 and held for ransom by a militia, it set off a 903-day fight her sister never expected.
DHS funding bill passes House, but shutdown drags on as Senate approves its own plan
The House passed a measure to fund the Department of Homeland Security for 60 days — but it's still unclear how the shutdown will end as the Senate, which approved its own funding plan, is on recess.
Millions turn out for "No Kings" rallies held worldwide to protest against Trump
Organizers estimated that at least 8 million people took part in more than 3,300 "No Kings" events worldwide.
2 boats carrying aid to Cuba arrive in Havana after being reported missing
Two sailboats that went missing carrying humanitarian aid from southern Mexico to Cuba landed in Havana on Saturday afternoon.
U.S.
More U.S.
North Korea tests missile that it claims can target U.S. mainland
The test was in line with Kim Jong Un's goals of targeting the U.S., but some experts speculate the claim may be exaggerated.
American-born Israeli soldier killed in combat in Lebanon
Sgt. Moshe Yitzchak Hacohen Katz, 22, was born in Connecticut and served in the Israel Defense Forces' Paratroopers Brigade.
Attack survivors, not believed by police, get the last word against kidnapper
After their kidnapping case drew national attention because they were accused of making it up, Denise Huskins Quinn and Aaron Quinn worked with law enforcement to help uncover additional crimes committed by their attacker – helping to bring justice to other victims and reclaiming their own story.
The ripple effect of the Iran war on struggling U.S. farmers
The price of ammonia and urea, two fertilizer ingredients seeing disruptions, are up around 20% and 50%, respectively, since the start of the Iran war.
Henry Lee, forensic scientist who testified at O.J. Simpson trial, dies at 87
Dr. Lee rose to fame after his testimony in Simpson's 1995 trial, in which he questioned the handling of blood evidence.
MoneyWatch
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Bank of America reaches $72.5 million settlement in Epstein lawsuit
Bank of America has reached a $72.5 million settlement in a lawsuit that alleges the financial giant helped facilitate the sex trafficking operation of convicted sex offender Jeffrey Epstein.
Education Department tells 7.5 million SAVE borrowers to prepare for repayment
More than 7 million student loan borrowers who've been enrolled in a Biden-era repayment plan will receive notices with instructions to seek a new plan to repay their debt.
How soon will TSA lines return to normal after the shutdown ends?
The Department of Homeland Security said TSA agents should begin receiving pay as early as Monday, March 30.
Should you rely on AI to do your taxes? Experts warn of risks.
About 1 in 4 Americans are using AI chatbots to prepare their tax returns, but experts warn the tools can produce outdated or inaccurate guidance.
CBS News gas and oil price tracker shows how much energy costs are rising
As the war with Iran continues, CBS News is tracking gas and oil prices. Find out how much more it costs to fill up your tank or heat your house.
Politics
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European allies say Russia is helping Iran more than acknowledged
The Europeans also argue that the war in Ukraine is intertwined with the war in Iran due to the cooperation between Russia and Iran.
Republicans stand by Trump on Iran, but are split on how war could end
At this year's CPAC, many attendees toed a fine line between backing the war in Iran and worrying about how the conflict could expand.
Here's what needs to happen before oil starts flowing through Strait of Hormuz again
As the U.S.-Iran war nears the one-month mark, the fragile global oil market has emerged as a key weapon in Iran's arsenal — and some shipping and insurance experts don't expect the situation to return to normal until the conflict winds down.
Education Department tells 7.5 million SAVE borrowers to prepare for repayment
More than 7 million student loan borrowers who've been enrolled in a Biden-era repayment plan will receive notices with instructions to seek a new plan to repay their debt.
U.S. Tomahawks are being used in Iran war faster than stockpile is being refilled
The U.S. has used close to 1,000 Tomahawk missiles since June 2025 and has been procuring them at a rate of about 90 per year.
HealthWatch
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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.
More parents are refusing routine newborn preventative care, study finds
Doctors fear that skepticism, fueled by anti-science sentiment and mistrust, is extending beyond vaccines to other proven, routine care.
World
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Catholic cardinal barred from entering Jerusalem's Church of Holy Sepulchre
The Latin Patriarchate of Jerusalem said it was "the first time in centuries" that heads of the church were unable to celebrate Palm Sunday Mass at the sacred site.
2 more arrests in attempted bombing at Bank of America building in Paris
Police did not specify who was arrested or what role they may have played in the attempted bombing.
North Korea tests missile that it claims can target U.S. mainland
The test was in line with Kim Jong Un's goals of targeting the U.S., but some experts speculate the claim may be exaggerated.
American-born Israeli soldier killed in combat in Lebanon
Sgt. Moshe Yitzchak Hacohen Katz, 22, was born in Connecticut and served in the Israel Defense Forces' Paratroopers Brigade.
European allies say Russia is helping Iran more than acknowledged
The Europeans also argue that the war in Ukraine is intertwined with the war in Iran due to the cooperation between Russia and Iran.
Entertainment
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Michael Jordan on NASCAR, basketball and the one title he won't claim
Michael Jordan reflects on his life after basketball, his move into NASCAR, and the pressure that still comes with his competitive drive and fame.
Olivia Munn's "no symptoms" cancer diagnosis fueled lifesaving mission
Olivia Munn tells Tracy Smith about how she turned a symptomless Stage 1 breast cancer diagnosis into a mission to help other women.
Olivia Munn shares her breast cancer journey
Olivia Munn is busier than ever, starring in the new series "Your Friends and Neighbors," raising two kids and juggling a packed career. But as Tracy Smith reports in our Sunday Profile, an unexpected diagnosis reshaped her life in ways she never imagined.
Brandon Uranowitz on reviving "Ragtime"
Tony Award-winner Brandon Uranowitz sits down with "CBS Saturday Morning" to discuss his journey to landing his latest role in "Ragtime" at Lincoln Center.
The Avett Brothers' bassist talks new book
Bob Crawford, the bassist for The Avett Brothers, shares with "CBS Saturday Morning" why he believes John Quincy Adams is an underrated American hero amid the release of his new book "America's Founding Son: John Quincy Adams, from President to Political Maverick."
Technology
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Technology
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.
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.
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.
CBS News poll analysis on what jobs AI should be doing
As AI use rises, many see it decreasing the number of jobs available.
What jobs are most at risk from AI
New research from the Society of Human Resource Management shows which regions and jobs are most at risk from artificial intelligence. Johnny Taylor, president and CEO of SHRM, joins CBS News to discuss the findings.
Science
More Science
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.
Amputee sea turtle being tracked at sea from space
The staff at a Florida sea turtle hospital is monitoring some animals they've rehabilitated from space -- especially amputees, such as one they named Amelie, who's back at sea.
600-year-old pinot noir grape seed found in medieval hospital
The seed reveals that people in France have been cultivating the popular variety of grape since at least the 1400s, scientists say.
Crime
More Crime
Crime
Denise and Aaron Quinn Get the Last Word
A couple is attacked as they slept. They later team up with law enforcement and get their assailant to confess to more crimes. "48 Hours" correspondent Tracy Smith reports.
Attack survivors, not believed by police, get the last word against kidnapper
After their kidnapping case drew national attention because they were accused of making it up, Denise Huskins Quinn and Aaron Quinn worked with law enforcement to help uncover additional crimes committed by their attacker – helping to bring justice to other victims and reclaiming their own story.
French police stop apparent bomb attack outside Bank of America building
The incident occurred in the middle of the night, while the office was closed. No employees were injured, according to the bank.
Tiger Woods released from jail after arrest
Tiger Woods was released from the Martin County jail in Florida following his DUI arrest after a rollover crash on Friday.
Colombian navy says it shut down 30 drug labs, seized 2 tons of cocaine
The Colombian navy said it also seized thousands of gallons of smuggled fuel, preventing "the strengthening of illicit economies."
Space
More Space
Space
What would success mean for Artemis II flight?
The 322-foot rocket set to launch Artemis II stood ready on the pad at the Kennedy Space Center on Saturday. It will be the first crewed moonshot in over a half-century. Mark Strassmann is there.
Meet the rescue team behind the astronauts as Artemis II's launch approaches
A global team of air force rescuers is on standby, ready to come to the aid of the Artemis II crew after their space launch.
Behind the plans of an Artemis II rescue
While final preparations are underway for the Artemis II launch, "CBS Saturday Morning" takes a peek behind-the-scenes at the plans being made for if the crew needs to be rescued.
NASA begins final countdown for moon mission
NASA's Artemis II crew arrived in Florida on Friday, signaling final preparations are underway for the first crewed Moon mission since the Apollo 17 mission in 1972.
Crew arrives ahead of Artemis II launch
Four NASA astronauts are gearing up for a historic mission to return humans to deep space for the first time in over 50 years. The crew touched down at the Kennedy Space Center in Florida on Friday for final preparations ahead of next week's planned Artemis II launch. 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
More Latest CBS News Videos
Latest CBS News Videos
Nature: Spoonbills in Florida's wetlands
This Sunday morning, we find ourselves among roseate spoonbills in Florida's Orlando Wetlands.
Sen. Rand Paul on "checking" President Trump
As chairman of the Homeland Security Committee, Sen. Rand Paul is at the center of some of the country's most critical debates. He speaks with Robert Costa about why he doesn't support President Trump's decision to launch strikes in Iran and how he feels about new Department of Homeland Security Secretary Markwayne Mullin.
Commentary: Geoff Bennett on Black comedy
Long before 1990s sitcoms, Black comedians were shaping American comedy in bold ways. Geoff Bennett, co-anchor of PBS NewsHour, explores this history and its lasting impact in his new book "Black Out Loud."
Exclusive
Michael Jordan on his drive to change NASCAR
Michael Jordan takes his "competitive gene" off the court and onto the NASCAR track as co-owner of 23XI Racing. Gayle King sits down with the basketball legend to talk about his passion for winning, his legal fight to change the sport, and how he channels his drive into new challenges at 63.
Iran war at a crossroads
David Martin reports on how the Iran war is at a crossroads as it enters its second month, with the global impact of rising oil prices and economic uncertainty at center stage.