How rising diesel prices may affect inflation
For American drivers, the cost of the war with Iran is already showing up at the pump. But there's a bigger warning light flashing for the economy: diesel. Kelly O'Grady explains.
Watch CBS News
For American drivers, the cost of the war with Iran is already showing up at the pump. But there's a bigger warning light flashing for the economy: diesel. Kelly O'Grady explains.
Iran's new Supreme Leader, Ayatollah Mojtaba Khamenei, issued his first public statement Thursday since taking his new position. A broadcaster read the statement on Iranian state media. CBS News' Eleanor Watson and Willie James Inman have more.
Attacks on shipping traffic and energy infrastructure in the Persian Gulf temporarily pushed oil back above $100 a barrel, stoking investor fears.
Energy prices won't ease up until the Strait of Hormuz is secure, experts say. Here's what it will take to get the oil flowing again.
Iran attacked several Persian Gulf states overnight as the war entered Day 13. This comes as the price of oil continues to rise despite the U.S. announcing measures to tap into its reserves. Also, more details are emerging about the American forces injured in Kuwait and Israel's mission against Iran. CBS News' Natalie Brand and Ramy Inocencio report, and Daniel Shapiro, the former U.S. ambassador to Israel, joins with more insight.
The U.S. and the International Energy Agency are releasing oil from their reserves as the average price of a gallon of gas in the U.S. has jumped 15% since the Iran war began. Kelly O'Grady explains if the moves will have any impact on the cost of gas.
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.
Iran is amplifying pressure on the Strait of Hormuz, the key choke point in the Middle East where 20% of the world's oil passes through. CBS News national security analyst Aaron MacLean has more.
President Trump said the government agency will provide political risk insurance to "all shipping lines" operating in the Persian Gulf.
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.
President Trump is offering political risk insurance to any tankers operating near Iran as the Iran war continues. Jatin Dua, director of the Oceans Lab at the University of Michigan, joins "The Daily Report" to discuss.
Gas prices in the U.S. have surged roughly 20% since the attack on Iran. Read on to see what measures the Trump administration could take to offer relief.
The Strategic Petroleum Reserve is designed to cushion disruptions to U.S. oil supplies during emergencies.
Oil prices surged Monday to more than $119 per barrel but dropped by more than 10% on Tuesday. Meanwhile, world leaders are eyeing oil reserves as the Iran war continues to disrupt traffic through the Strait of Hormuz. Robert Schroeder, the Washington bureau chief at MarketWatch, has more.
President Trump said he "knew oil prices would go up," but it's been less than he anticipated after oil prices hit more than $100 per barrel on Monday. CBS News' Kelly O'Grady has more.
Iran fired drones toward Saudi Arabia and Kuwait on Tuesday, officials said, as tensions over the global oil supply ramp up. CBS News intelligence and national security reporter Olivia Gazis has the latest.
Iran continued retaliatory strikes across the Middle East and threatened to shut down the Strait of Hormuz. President Trump said Monday he would not allow "a terrorist regime to hold the world hostage and attempt to stop the globe's oil supply." CBS News chief correspondent Matt Gutman has the latest from Tel Aviv.
President Trump's assurances that a rising U.S. death toll and soaring energy prices will be temporary and worth the pain are failing to assuage jittery investors.
The U.S. average gas price has jumped 48 cents since last week, with experts predicting that higher fuel costs could persist for months.
Stock markets plunged on Monday as the price of oil hit more than $100 per barrel for the first time since July 2022. Noam Raydan, a senior fellow at the Washington Institute for Near East Policy, joins with more.
Oil prices have soared as the war against Iran continues on its 10th day, hitting $100 per barrel for the first time since July 2022. Kristin Myers, the ETF editor-in-chief for Asset TV, breaks down the economic impact. Salvatore R. Mercogliano, an adjunct professor at U.S. Merchant Marine Academy, breaks down where things stand with the Strait of Hormuz.
Energy Secretary Chris Wright told "Face the Nation with Margaret Brennan" that he believes that oil and gas prices "shouldn't go much higher than they are here because the world is very well supplied with oil," adding that the conflict in the Middle East is "not a long-term war."
This week on "Face the Nation with Margaret Brennan," as the U.S. and Israeli forces stepped up their bombing campaign through the weekend, Margaret Brennan speaks to U.S. Energy Secretary Chris Wright, Israeli ambassador to the U.S. Michael Leiter and Democratic Sen. Tim Kaine.
China buys nearly all of Iran's sanctioned oil, and due to the U.S. and Israeli-led conflict there, the supply line has been severely disrupted. Anna Coren has more from Beijing.
Jill Schlesinger joins "CBS Saturday Morning" to discuss how the war against Iran is impacting the price of oil and gas. She also breaks down the February jobs report.
President Trump has ousted Pam Bondi as attorney general, saying she will be taking a job in the private sector.
One market analyst says Trump warning the Iran war will take 2-3 more weeks, without a plan to reopen the Strait of Hormuz, "was far less than" investors had hoped for.
One of the sources said Hegseth wants someone in the role who will implement President Trump and Hegseth's vision for the Army.
Foundayo is the first oral GLP-1 weight loss pill that doesn't require fasting.
They were the first in a series of arrests planned Thursday, federal officials told CBS News.
The opinion from the Office of Legal Counsel said that because it believes the Presidential Records Act is unconstitutional, President Trump does not need to comply with it.
The commission, which is chaired by a White House staffer, voted 9 to 1 to approve the design, which includes a ballroom with seating for 1,000 guests.
President Trump said he would sign an order to pay all DHS employees as a plan to reopen most of DHS and pursue additional funding moves forward in Congress.
The engine firing is timed to provide a slingshot-like boost to the Orion capsule, speeding it up to some 25,000 mph, the velocity needed to break free of Earth's gravitational clasp for a four-day trek to the moon.
One of the sources said Hegseth wants someone in the role who will implement President Trump and Hegseth's vision for the Army.
Interest rates for a typical home loan jumped Thursday to 6.46%, the highest level since September 2025. House-hunters aren't pleased.
The Environmental Protection Agency also added microplastics to its contaminant candidate list for the first time.
The opinion from the Office of Legal Counsel said that because it believes the Presidential Records Act is unconstitutional, President Trump does not need to comply with it.
The commission, which is chaired by a White House staffer, voted 9 to 1 to approve the design, which includes a ballroom with seating for 1,000 guests.
Interest rates for a typical home loan jumped Thursday to 6.46%, the highest level since September 2025. House-hunters aren't pleased.
The coffee chain said it will also pay its workers weekly to provide more financial flexibility.
Stocks rebound after sliding in early-day trade, with investors buoyed by reports that Iran and Oman could monitor ship traffic in the Strait of Hormuz.
With gasoline topping $4 a gallon, it now costs almost $145 to fill up a Ford F-150 pickup truck, a new analysis finds.
Most people fall far short of the savings they say they will need to maintain their standard of living in retirement, data shows.
The president said Wednesday that the strait "will open up naturally" as its closure sends gas prices soaring at the same time he's urging other countries to "grab it."
Foundayo is the first oral GLP-1 weight loss pill that doesn't require fasting.
One of the sources said Hegseth wants someone in the role who will implement President Trump and Hegseth's vision for the Army.
The opinion from the Office of Legal Counsel said that because it believes the Presidential Records Act is unconstitutional, President Trump does not need to comply with it.
The commission, which is chaired by a White House staffer, voted 9 to 1 to approve the design, which includes a ballroom with seating for 1,000 guests.
The Environmental Protection Agency also added microplastics to its contaminant candidate list for the first time.
The FDA approved a new GLP-1 drug from Eli Lilly. Dr. Jon LaPook breaks it down.
The COVID-19 variant BA.3.2, nicknamed "Cicada," has been detected in at least 23 countries and half the states in the U.S.
North Carolina and other states have insurance plans for kids in foster care, but many doctors did not accept patients on the plans, leaving kids' guardians scrambling to find health care providers.
The One Big Beautiful Bill Act will add red tape and restrictions for those seeking Medicaid and SNAP benefits. And the costs to update computer systems that determine eligibility for those programs will be steep.
The president said Wednesday that the strait "will open up naturally" as its closure sends gas prices soaring at the same time he's urging other countries to "grab it."
Two gay Iranian men seeking asylum in the U.S. could face execution if they're deported to Iran, a move the Trump administration has not ruled out.
Thousands were killed and wounded during the Battle of Copenhagen, considered one of Adm. Horatio Nelson's "great battles."
Robbers used firework bombs to break into the Drents Museum in 2025, stealing the 5th-century BC golden Helmet of Cotofenesti and three gold bracelets.
One market analyst says Trump warning the Iran war will take 2-3 more weeks, without a plan to reopen the Strait of Hormuz, "was far less than" investors had hoped for.
(Spoilers ahead) "CBS Mornings" reveals details about Wednesday's historic "Survivor" episode, including who was voted off.
Actor and comedian Kenan Thompson joins "CBS Mornings" to discuss his new children's book, "Unfunny Bunny."
Kid Rock posted videos of the helicopters hovering by his Nashville home on social media over the weekend. The Army later confirmed the helicopters were on a training mission.
Sharon Stone reflected on her legendary career as she discussed joining the cast of "Euphoria," working with the show's creator, Sam Levinson, and how she has advocated for women in the entertainment industry.
A Las Vegas performer has sued Taylor Swift over the title of her hit album "The Life of a Showgirl," alleging it violates the performer's trademark.
"CBS Mornings" sits down with Tristan Harris, co-founder and president of the Center for Humane Technology, who is featured in the 2026 documentary, "The AI Doc: Or How I Became an Apocaloptimist."
CBS News contributor Patrick McGee joins "The Daily Report" to discuss the codependent relationship between Apple and China, a country that manufactures hundreds of millions of iPhones every year.
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.
The JPMorgan Chase CEO said the bank may one day introduce prediction market features, but said "there's a bunch of stuff we won't do" in that space.
Many have dreamed of a future with flying cars, eliminating traffic on the morning commute. One company is trying to make that dream a reality. Itay Hod reports.
NASA's Artemis II astronauts will spend about 24 hours orbiting the Earth and running checks on their spacecraft and life support systems before heading to the moon.
Four astronauts are traveling around the moon on Artemis II, going further from Earth than anyone before. CBS News' Mark Strassmann and Peter King have more.
Former NASA astronaut Clayton Anderson joins CBS News to discuss what the Artemis II astronauts will do as they orbit the Earth after takeoff.
Members of the Artemis II crew will be the first people to sleep inside the Orion spacecraft. CBS News' Kris Van Cleave has more on how they'll do that.
The science and technology behind using the restroom in space continues to evolve. CBS News senior transportation correspondent Kris Van Cleave looks at the out-of-this-world facilities available to the Artemis II crew.
The Department of Justice announced multiple people have been charged after an investigation into hospice care fraud in California involving Medicare.
The NYPD is seeking information after a 7-month-old baby in a stroller was fatally shot. CBS News New York's Elijah Westbrook reports.
Prosecutors have charged a man allegedly connected to two deaths tied to the "Texas Killing Fields," a site where dozens of bodies have been found since the 1970s.
Robbers used firework bombs to break into the Drents Museum in 2025, stealing the 5th-century BC golden Helmet of Cotofenesti and three gold bracelets.
Bundy's full DNA profiled was entered into the FBI's national database, giving investigators a shot at solving potential cases linked to Bundy.
The engine firing is timed to provide a slingshot-like boost to the Orion capsule, speeding it up to some 25,000 mph, the velocity needed to break free of Earth's gravitational clasp for a four-day trek to the moon.
NASA's Artemis II astronauts will spend about 24 hours orbiting the Earth and running checks on their spacecraft and life support systems before heading to the moon.
NASA's Artemis II astronauts launched on a nine-and-a-half-day mission around the moon and back.
Forecasters continue to predict an 80% chance of favorable weather on Wednesday for the launch of four astronauts on a flight to the moon.
Countdown clocks began ticking Monday, setting the stage for launch of the Artemis II moon mission early Wednesday evening.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Amid Pam Bondi's firing, Major Garrett, host of "The Takeout," looks back at the legacies of past attorneys general.
The Artemis II crew is on track to leave Earth's orbit for the moon Thursday night after mission management polled go for the translunar injection burn. CBS News Radio correspondent Peter King has more.
Every Mardi Gras Day, something extraordinary emerges from the backstreets of New Orleans. It's a tradition most tourists will never see. This Sunday, 60 Minutes goes inside the elaborate culture of the Mardi Gras Indians, also known as Black Masking Indians.
An ambitious state-run high-speed rail project linking Los Angeles and San Francisco hasn't stayed on track. 60 Minutes reports on the costly struggle to bring high-speed rail to the United States, Sunday.
Police in Florida have released new body camera footage of the response to Tiger Woods' rollover crash last week. Woods was arrested following the crash and charged with driving under the influence. CBS News correspondent Nicole Valdes has more.