How high could oil and gas prices go if the Strait of Hormuz remains closed?
"The scary scenarios are, unfortunately, extremely plausible" if the critical Persian Gulf waterway stays effectively sealed, economist Paul Krugman said.
Strait of Hormuz
What to know ahead of Trump Iran war address
President Trump is set to address the nation about the Iran war as the world awaits an end to the conflict in the Middle East. CBS News' Weijia Jiang, who spoke to Mr. Trump on Tuesday, reports.
Majority of recent ship traffic through Strait of Hormuz linked to Iran
Trump said Iran gave him the "present" of letting eight oil tankers through the Strait of Hormuz, but the majority of ships making the passage are Iranian, including
Trump says Iran war could wrap up in 2-3 weeks as gas prices rise
President Trump indicated the Iran war may wrap up "very soon" and he could abandon efforts to force Iran to reopen the Strait of Hormuz, as the war pushed U.S. gas prices over the $4 mark.
Trump says allies must "come in and take care of" Strait of Hormuz
President Trump told CBS News that he is not ready "quite yet" to abandon efforts to force Iran to reopen the Strait of Hormuz amid the Iran war, despite a Truth Social post suggesting allies need to do it themselves.
Trump criticizes Europeans over Strait of Hormuz
President Trump lashed out at European allies who he said haven't done enough to help reopen the Strait of Hormuz to oil tanker traffic. Weijia Jiang has details.
Potential ground troops could target Kharg Island
President Trump and Defense Secretary Pete Hegseth have not ruled out a potential ground operation in the ongoing war with Iran. Military experts told CBS News that one of the places troops could be sent is Kharg Island, about 15 miles off the Iranian coast. CBS News national security analyst Aaron MacLean breaks it down.
Average gas price spikes above $4
The U.S. is pressing forward with its strikes against Iran as the White House pushes for Tehran to make a deal to reopen the Strait of Hormuz. CBS News' Kelly O'Grady, Eleanor Watson and Nancy Cordes report.
What if the Strait of Hormuz stays closed?
The Wall Street Journal reports President Trump has considered ending the war in Iran without reopening the Strait of Hormuz. On Tuesday, he told the New York Post it would reopen automatically. CBS News national security analyst Aaron MacLean joins "The Takeout" to examine the situation.
Trump: U.S. not leaving Strait of Hormuz yet
President Trump told CBS News on Tuesday that he's not ready "quite yet" to abandon his bid to force Iran to reopen the Strait of Hormuz. CBS News senior White House correspondent Weijia Jiang has the details.
Rising oil costs hurting farmers, small businesses
AAA announced Tuesday that the average U.S. gas price has topped $4 a gallon. CBS News correspondent Lana Zak reports on how the costs are impacting businesses. Then, Justin Wolfers, professor of public policy and economics at the University of Michigan, joins with analysis.
Iran strikes Kuwait oil tanker: state media
A Kuwait oil tanker was Iran's latest target in the fight over the Strait of Hormuz, state media reported Tuesday. President Trump has threatened to strike Iran's energy plants if the strait is not reopened. CBS News White House reporter Aaron Navarro has more.
Farmer says he's spending hundreds more on fuel
The average U.S. gas price has topped $4 a gallon for the first time since August 2022, AAA announced on Tuesday. Diesel fuel prices have also jumped significantly since the start of the war in Iran. CBS News' Lana Zak and Kelly O'Grady have the latest.
CBS News speaks with Trump on Iran
President Trump told CBS News' Weijia Jiang on Tuesday that the U.S. isn't withdrawing "quite yet" from the war with Iran, and urged U.S. allies to be more helpful with reopening the Strait of Hormuz. CBS News' Natalie Brand has more.
Hegseth backs Trump on Strait of Hormuz
Secretary of Defense Pete Hegseth said that the upcoming days of the Iran war "will be decisive," and reiterated President Trump's criticism of U.S. allies for not helping at the Strait of Hormuz. CBS News' Eleanor Watson has more.
Key details on Iran war as Trump slams allies
President Trump is slamming U.S. allies for their lack of cooperation in the Strait of Hormuz. CBS News reporter Olivia Rinaldi, contributor Elliot Ackerman and correspondent Elizabeth Palmer have more.
Trump slams U.S. allies again
President Trump slammed U.S. allies on social media Tuesday morning for not helping the U.S. in the Strait of Hormuz. CBS News' Weijia Jiang has more.
Why Kharg Island is essential to Iran
Iran's Kharg Island is crucial to the country's economy due to its role as an oil export hub. CBS News' Michael George explains.
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.
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.
Tehran downplays talks with U.S.
Hundreds of U.S. special operations forces are now stationed in the Middle East as President Trump leaves the door open to a potential ground operation in Iran. CBS News' Eleanor Watson and Aaron Navarro have the latest.
Stocks end mixed as crude oil prices rise
Wall Street had a shaky start to the week on Monday, as U.S. stocks ended mixed and crude oil prices stayed above $100 a barrel. Yahoo Finance senior reporter Brooke DiPalma joins to discuss.
Oil prices skyrocket as Iran war goes on
Oil prices are rising as President Trump contemplates a ground operation in Iran. The Wall Street Journal's Spencer Jakab has more.
Trump insists Iran deal could happen "soon"
President Trump is still insisting that a deal with Iran to end the conflict in the Middle East could occur soon, despite thousands of U.S. troops arriving in the region. CBS News' Taurean Small and Elizabeth Palmer report.
Live
Pakistan says it's set to host U.S.-Iran talks soon
It's unclear if the talks would be direct or indirect, and Washington and Tehran aren't commenting. This, as Iran warns the U.S. not to start ground operations.
Senator Lindsey Graham dies after "brief and sudden illness"
Senator Lindsey Graham has died on Saturday evening.
Live
U.S. conducts another round of retaliatory strikes on Iran, Pentagon says
U.S. forces conducted their third round of strikes on Iran this week, this time in retaliation for an attack on a commercial ship in the Strait of Hormuz, the Pentagon said.
At least 2 killed in shooting at Toronto street festival, police say
At least two people were killed and several more wounded in a shooting Saturday evening at a street festival in Toronto, Canada, authorities said.
New York Times journalists issued subpoenas over Air Force One reporting
The subpoenas were issued after the New York Times reported on alleged security concerns with the new Qatari-gifted Air Force One.
High energy costs from Iran war heighten pressure on struggling farmers
As the agriculture industry in Louisiana contends with major energy cost hikes brought on by the Iran war, some farmers are unsure if their businesses will survive.
U.S. citizen working in Congo tests positive for Ebola, CDC says
The Africa Centres for Disease Control and Prevention said the outbreak is the fastest-growing Ebola outbreak recorded on the continent.
New Jersey works to destroy firefighting foam laced with cancer-linked PFAS
New Jersey is one of more than a dozen states that are working to collect, remove and destroy all of their aqueous film-forming foam.
Seahawks sold to 49ers minority owner for record $9.6 billion
The Seattle Seahawks are being sold to the Khosla family in accordance with the wishes of late team owner Paul Allen, the team announced on Saturday.
200 young campers, staff rescued amid record flooding in Missouri
More than 200 people at Camp Taum Sauk in Missouri, were rescued after 6 to 12 inches of rain fell along the Taum Sauk Reservoir.
U.S.
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Senator Lindsey Graham dies after "brief and sudden illness"
President Trump paid tribute to the late senator, who was reportedly scheduled to do interview on Sunday.
Kansas woman convicted of double murder after three trials
Mike Sisco and his girlfriend Karen Harkness were gunned down in her Topeka, Kansas, home in 2002. Authorities believed it was a crime of passion. Sisco's daughter set out to help prove it was her mother, Dana Chandler, who was responsible.
New Library of Congress exhibit features rare draft of Declaration of Independence
A rare draft of the Declaration of Independence, now on display at the Library of Congress, was written by Thomas Jefferson and contains edits from fellow Founding Fathers Benjamin Franklin and John Adams.
New Jersey works to destroy firefighting foam laced with cancer-linked PFAS
New Jersey is one of more than a dozen states that are working to collect, remove and destroy all of their aqueous film-forming foam.
Seahawks sold to 49ers minority owner for record $9.6 billion
The Seattle Seahawks are being sold to the Khosla family in accordance with the wishes of late team owner Paul Allen, the team announced on Saturday.
MoneyWatch
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High energy costs from Iran war heighten pressure on struggling farmers
As the agriculture industry in Louisiana contends with major energy cost hikes brought on by the Iran war, some farmers are unsure if their businesses will survive.
Bipartisan housing bill becomes law after Trump refuses to sign it
A landmark housing bill automatically became law overnight after President Trump declined to sign it.
Apple sues OpenAI, accusing ChatGPT maker of stealing trade secrets
Apple alleges that OpenAI and two of its employees stole trade secrets and engaged in a "pattern of misconduct."
Household staff can earn up to $300,000 working for America's rich
Good help is hard — and expensive — to find, according to a recruiting firm for private chefs, chauffeurs and other household workers.
Gas prices start climbing again as U.S.-Iran tensions flare
Prices at the pump sank following a June ceasefire. But renewed conflict in the Middle East and other factors are driving fuel costs back up.
Politics
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Senator Lindsey Graham dies after "brief and sudden illness"
President Trump paid tribute to the late senator, who was reportedly scheduled to do interview on Sunday.
New Library of Congress exhibit features rare draft of Declaration of Independence
A rare draft of the Declaration of Independence, now on display at the Library of Congress, was written by Thomas Jefferson and contains edits from fellow Founding Fathers Benjamin Franklin and John Adams.
Congressman says he was detained by Israeli settlers in the West Bank
Congressman Ro Khanna said members of the Israel Defense Forces spoke with the settlers and moved a car to block the road.
New York Times journalists issued subpoenas over Air Force One reporting
The subpoenas were issued after the New York Times reported on alleged security concerns with the new Qatari-gifted Air Force One.
Bipartisan housing bill becomes law after Trump refuses to sign it
A landmark housing bill automatically became law overnight after President Trump declined to sign it.
HealthWatch
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New Jersey works to destroy firefighting foam laced with cancer-linked PFAS
New Jersey is one of more than a dozen states that are working to collect, remove and destroy all of their aqueous film-forming foam.
Departments getting rid of firefighting foam
Fire departments across the U.S. are changing how they extinguish fires. For decades, they used foam that contained so-called "forever chemicals" that are now linked to cancer. More than a dozen states are now working to collect, remove and destroy all of it. Mark Strassmann has more.
U.S. citizen working in Congo tests positive for Ebola, CDC says
The Africa Centres for Disease Control and Prevention said the outbreak is the fastest-growing Ebola outbreak recorded on the continent.
Pregnant mom diagnosed with Stage IV cancer after symptoms were dismissed
Jenney Bitner feared she wouldn't get to see her children grow up after a tumor in her brain revealed she had Stage IV melanoma.
Michigan's cyclosporiasis outbreak grows to more than 1,500 cases
Michigan health officials say the state's cyclosporiasis outbreak has grown to more than 1,500 cases.
World
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At least 2 killed in shooting at Toronto street festival, police say
At least two people were killed and several more wounded in a shooting Saturday evening at a street festival in Toronto, Canada, authorities said.
Bull gores runner in the face at Spain's San Fermin bull run festival
A chaotic bull run at Spain's San Fermin festival in Pamplona on Saturday left 13 people injured, including one runner who was pierced by a horn in the face.
South African soccer player who competed in the World Cup dies at 25
Jayden Adams' death was confirmed by South Africa's minister of sport, arts and culture on Saturday.
U.S. citizen working in Congo tests positive for Ebola, CDC says
The Africa Centres for Disease Control and Prevention said the outbreak is the fastest-growing Ebola outbreak recorded on the continent.
Hundreds of firefighters in Spain battle deadly wildfires that killed at least 12
The fire has scorched some 25 square miles of forest and farmland, about the size of Manhattan.
Entertainment
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Entertainment
7/11: CBS Saturday Morning
Hundreds were rescued from flooding in Missouri. President Trump threatened to "decimate and destroy" Iran if they try to assassinate him. Plus, Barstool Sports' Dave Portnoy sat down with Kelly O'Grady to discuss his new book.
Dave Portnoy on running "Barstool Sports" like "SNL"
Dave Portnoy founded "Barstool Sports" after quitting a sales job he hated and deciding to strike out on his own.
The James Hunter Six play "A Sure Thing"
James Hunter is a Grammy-nominated R&B artist known for his gritty voice and songwriting acumen. Here's The James Hunter Six with "A Sure Thing."
The James Hunter Six play "Gun Shy"
James Hunter is a Grammy-nominated R&B artist known for his gritty voice and songwriting acumen. Here's The James Hunter Six with "Gun Shy."
The James Hunter Six sings "Here And Now"
James Hunter is a Grammy-nominated R&B artist known for his gritty voice and songwriting acumen. Here's The James Hunter Six with "Here and Now."
Technology
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Apple sues OpenAI, accusing ChatGPT maker of stealing trade secrets
Apple alleges that OpenAI and two of its employees stole trade secrets and engaged in a "pattern of misconduct."
AI slop floods social media, report says
A new report from AI detector Pangram found that AI-generated content is flooding socials like X and Reddit, with LinkedIn accounting for nearly two-thirds of all AI content detected. Pangram CEO and co-founder Max Spero joins CBS News to discuss his findings.
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.
MSG tracked celebrities, WIRED reports
A major database breach at James Dolan's Madison Square Garden arena revealed an apparent internal list tracking nearly 40,000 celebrities, according to a new report from WIRED. The report alleges that surveillance labels included "LGBTQIA," "DO NOT HOST," and evaluated individuals on a "risk" level. MSG claims the report is inaccurate. WIRED contributing editor Noah Shachtman joins "CBS News 24/7" to discuss his reporting.
Breaking down the Texas app store age law
Earlier this week, the Supreme Court said it would allow Texas to enforce a law requiring app stores to verify users' ages while the issue plays out in the lower courts. CBS News legal contributor Jessica Levinson breaks down the constitutional question.
Science
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Science
Disclosure Foundation head on new UFO files
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
Watch: Pentagon releases 19 new UFO videos
The Defense Department released a fourth batch of UFO files on Friday, nearly one month after its third drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
2,000-year-old gold rings and human bones found by archaeologists
Archaeologists have discovered eight human skeletons, bronze and gold jewelry and other artifacts indicating a ceremonial burial of wealthy people.
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
The American innovation that made millions of others possible
From the lightbulb to the airplane, to medical breakthroughs and the internet age, the past 250 years have been defined by America's intrepid intellect.
Crime
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Kansas woman convicted of double murder after three trials
Mike Sisco and his girlfriend Karen Harkness were gunned down in her Topeka, Kansas, home in 2002. Authorities believed it was a crime of passion. Sisco's daughter set out to help prove it was her mother, Dana Chandler, who was responsible.
Apalachee High School shooting suspect set to change plea, documents show
Colt Gray is scheduled to appear in Barrow County Superior Court on July 24 for a plea hearing, court documents show.
Nolan Wells' parents speak out
Teen football player Nolan Wells was found dead on a Mississippi island days after he vanished during a July Fourth outing. Wells' parents are searching for answers, saying that they don't believe their son would have stayed behind on the island by choice.
Takeaways from weeklong Tyler Robinson hearing
The weeklong pre-trial hearing for the man accused of killing conservative activist Charlie Kirk wrapped up on Friday with the defense calling one final witness to the stand. CBS News legal contributor Jessica Levinson joins with analysis.
Indictments in White House UFC attack plot
Eight people have each been charged with conspiracy counts over a planned attack at the UFC event that was held at the White House in June. CBS News' Jake Rosen reports.
Space
More Space
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Mission launched to rescue a falling space telescope
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
NASA astronauts operate on space station's broken robot arm
The orbital surgery on the International Space Station returned the Canadian-built robot arm to full health after its "wrist" joint failed last month.
NASA prepares to launch rescue to save telescope from falling to Earth
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
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.
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.
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.
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?
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
Sen. Lindsey Graham dies after sudden illness
U.S. Senator Lindsey Graham has died after a brief and sudden illness, his office says. Carissa Lawson anchored this CBS News special report.
My Mother's Murder Trials - Part 2
A daughter suspects her mother of a double murder. Years later, courtroom drama brings unsettling answers. CBS News chief correspondent Jim Axelrod reports for "48 Hours."
My Mother's Murder Trials - Part 1
A daughter suspects her mother of a double murder. Years later, courtroom drama brings unsettling answers. CBS News chief correspondent Jim Axelrod reports for "48 Hours."
A look at Missouri flooding
Six to 12 inches of rain caused historic flooding in Missouri this week. Over 200 people were stranded at a children's camp where all roads were cut off by floodwaters. Rescue crews airlifted them to safety with eight Black Hawk helicopters.
56 million Americans under heat alerts
Dry heat in the West and Northern Plains is fueling wildfires, including the Summit Fire north of Los Angeles. Gwen Baumgardner reports on the flames and evacuations. Andrew Kozak has the forecast.