Prolonged Strait of Hormuz closure would cause oil prices to surge, experts warn
Plunging oil shipments transiting the Strait of Hormuz have sent global energy prices soaring to their highest level in years.
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Plunging oil shipments transiting the Strait of Hormuz have sent global energy prices soaring to their highest level in years.
It is unclear under what circumstances President Trump would authorize the use of U.S. troops on the ground in Iran.
The announcement comes as NATO faces criticism from President Trump, who's seeking military assistance in securing the key Strait of Hormuz.
The United Nations' top nuclear watchdog, IAEA Director-General Rafael Grossi, told CBS News that Iran still has the technical ability to restart its nuclear program, even though U.S. military strikes dented the program.
The first Marine Expeditionary Unit, which is coming from the Pacific, is still making its way toward the region.
As the Iran war rages, Israel continues killing senior Iranian figures. CBS News asked experts how they do it.
As Iran retaliates for an Israeli strike on the South Pars gas field, one analyst warns the war is "now hitting the plumbing of the global energy system."
Domestic energy companies could benefit from high oil prices in the short-term, but take a hit if the Iran war drags on.
In an interview with "Face the Nation with Margaret Brennan," Rafael Grossi, director general of the International Atomic Energy Agency, said there had already been damage done to Iran's nuclear sites.
Fed Chairman Jerome Powell used the phrase "we don't know" at least 14 times during his press conference. Investors are nervous.
Director of National Intelligence Tulsi Gabbard faced another round of sharp questions about the Iran war from lawmakers on Thursday
Defense Secretary Pete Hegseth said the U.S. has struck more than 7,000 targets across Iran since the war began.
Satellite companies restrict access to images of the Middle East as the Iran war rages, with one citing concern data could be exploited "by adversarial actors."
An expert in modern warfare says Iran is highlighting NATO failures "to adapt to the drone threat," and Poland is using lessons from Ukraine to fix that.
Trump says the U.S. will destroy a vast Iranian gas field if Tehran retaliates for an Israeli strike on the facility by attacking Qatar's infrastructure.
Director of National Intelligence Tulsi Gabbard told senators that the Iranian regime "appears to be intact but largely degraded" by ongoing U.S. and Israeli strikes.
President Trump's director of the National Counterterrorism Center, Joe Kent, announced his immediate resignation Tuesday, citing the administration's decision to intervene in Iran.
Italian soldiers are patrolling Rome's ancient Jewish quarter and Belgian troops will help secure Jewish sites as an official warns the threat of antisemitic violence "is very real."
The Pentagon has prepared multiple options for President Trump as potential next steps in the Iran war.
Treasury chief Scott Bessent said Russia wouldn't benefit from an easing of oil sanctions to calm energy markets. But Russia is.
President Trump on Wednesday temporarily eased a century-old law that limits shippers from transporting energy products around the U.S.
"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.
Ali Larijani was among the most senior leaders of the regime still alive in Iran after top leaders were killed at the start of the war.
President Trump said Tuesday that China is "fine" with a delay.