Trump administration has vowed to escort oil tankers through Strait of Hormuz. How would that work?

With oil markets paralyzed by the war between the U.S. and Iran, the Trump administration is weighing a military operation to escort ships through a vital maritime chokepoint — a massive undertaking that experts say could already be in the preparatory stages. Since the U.S. and Israel’s war with Iran began two weeks ago, more … Read more

Offshore wind project targeted by Trump administration starts sending power to the New England grid

An offshore wind project targeted by the Trump administration has begun sending power to New England’s electric grid, the developer said Friday. The Danish company Orsted said Revolution Wind is now generating power and will scale up in the weeks ahead until it is fully operational. Orsted is building Revolution Wind with Global Infrastructure Partners’ … Read more

Trump administration signals U.S. will escort oil tankers in Strait of Hormuz

Treasury Secretary Scott Bessent signaled the U.S. Navy may begin to escort oil tankers in the Strait of Hormuz as the Iran war rages on. Mark Cancian, a senior adviser with the Center for Strategic and International Studies’ Defense and Security Department, joins CBS News with more. Source link

Trump administration launches new forced labor investigations into dozens of countries as it fights to restore tariffs

The Trump administration’s top trade official launched investigations Thursday into dozens of countries accused of failing to crack down on forced labor, flexing a law that lets the federal government impose tariffs and other trade restrictions as President Trump grapples with a Supreme Court ruling that struck down many of his tariffs. The investigations are … Read more

Trump administration allows purchase of Russian oil already at sea

The U.S. is temporarily greenlighting the purchase of Russian oil that’s already at sea, Treasury Secretary Scott Bessent said Thursday, in the Trump administration’s latest move to loosen the wartime sanctions that restrict Russia’s oil industry as the world grapples with high oil prices. The authorization will last one month, and applies to petroleum products … Read more

Trump administration kicks off new process to try to replace tariffs struck down by Supreme Court

WASHINGTON — The Trump administration on Wednesday opened a new trade investigation into manufacturing in foreign countries — an effort that comes after the Supreme Court struck down President Donald Trump’s previous use of tariffs by declaring an economic emergency. Trump and his team have made clear that they’re seeking to replace the hundreds of … Read more

Trump administration releasing 172 million barrels of oil from strategic reserve as Iran war causes soaring prices

President Trump ordered the release of 172 million barrels of oil from the United States’ Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.’s war with Iran. The releases will start next week and take about 120 days, Energy Secretary Christopher Wright said Wednesday in a … Read more

DNC sues Trump administration for information on potential deployments to election sites

DNC sues Trump administration for information on potential deployments to election sites – CBS News Watch CBS News The Democratic National Committee is suing the Trump administration for answers about whether officials plan to send federal agents and troops to polling places and election sites. CBS News justice correspondent Scott MacFarlane reports. Source link