The U.S. is the world's leading oil producer. So why are gas prices soaring?
"If the price of oil goes up, the price of everything goes up," said former U.S. Energy Secretary Ernest Moniz.
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"If the price of oil goes up, the price of everything goes up," said former U.S. Energy Secretary Ernest Moniz.
Israel says it killed Iran's top security official Ali Larijani, as America's European allies reject President Trump's demands for help in the Strait of Hormuz.
On Friday, the shutdown of DHS is set to become the second-longest in U.S. history.
The Iran war could escalate further as President Trump threatens to hit key oil infrastructure if Tehran doesn't drop its chokehold on the Strait of Hormuz.
As the war against Iran has entered its third week, President Trump said Monday the U.S. has "literally obliterated" its regime.
In remarks ahead of a meeting with the Kennedy Center board of trustees, Mr. Trump provided an update on the ongoing conflict with Iran.
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
The war, which shows no signs of ending soon, has disrupted oil exports from the region, driven fuel prices far higher worldwide and upended global air travel.
The strategic shipping lane carries a fifth of the world's oil. Analysts warn prolonged disruption could send fuel prices soaring and trigger a global economic slowdown.
Iranian attacks on ships in the Strait of Hormuz threaten to drive U.S. gas prices to record highs. The attacks could also have a cascading effect on other prices.
In an exclusive interview with CBS News Saturday, Federal Communications Chair Brendan Carr doubled down on his warning that broadcast licenses could be revoked amid President Trump's criticisms of media coverage of the war in Iran.
Six U.S. service members who were killed in a military refueling aircraft crash over Iraq last week have been identified as members of the Ohio Air National Guard and Florida-based crew members.
Since the start of the Iran war, 13 American service members have been killed.
The U.S. military has confirmed that all six crew members were killed when an American KC-135 refueling plane taking part in the Iran war crashed in western Iraq.
The State Department is seeking information on Iran's new supreme leader and nine other "key leaders" in the Islamic Revolutionary Guard Corps.
An aerial refueling tanker crashed in Western Iraq, U.S. officials said.
Iran's relentless attacks on Gulf states and infrastructure appear to be overshadowing interventions by the U.S. and its allies aimed at easing energy prices.
President Trump ordered the release of 172 million barrels of oil from the U.S.'s Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.'s war with Iran.
FBI memo warning that Iran may try to launch drones at California in a seaborne "surprise attack" raised concern Wednesday — but officials tell CBS News there is no known, specific threat underpinning it.
About 30 U.S. service members remained hospitalized Tuesday after an Iranian drone strike in Kuwait.
President Trump says the Iran war will end "very soon," but Tehran says it's "prepared to continue attacking" indefinitely, and it won't let oil leave the Gulf.
Iran's women's soccer team was branded "traitors" after declining to sing their national anthem at the Asian Cup in Australia, fueling fear for the women if they returned home.
Iran is using smaller crafts to lay mines in the Strait of Hormuz, two U.S. officials said.
Defense Secretary Pete Hegseth said Tuesday that it would be the "most intense day" of strikes against Iran so far.
Defense Secretary Pete Hegseth vowed that Tuesday would be the "most intense day of strikes" against Iran, one day after President Trump told CBS News that the war was "very complete, pretty much." Democratic Rep. Gabe Amo of Rhode Island, vice ranking member of the House Foreign Affairs Committee, joins "The Takeout" to discuss.
