Expert says neither side controls Strait of Hormuz as fighting intensifies between U.S. and Iran

Fighting between the U.S. and Iran over control of the Strait of Hormuz intensified Monday as both sides claimed possession, with President Trump reinstating his blockade on Iranian ships. Mona Yacoubian, director and senior adviser of the Middle East Program at the Center for Strategic and International Studies, joins CBS News to share her analysis. … Read more

Military action against Iran formally restarted last week, Trump told lawmakers

President Trump formally notified Congress that “military action” against Iran restarted last week, according to a letter obtained by CBS News on Monday, as a monthslong ceasefire comes to an end. Military action “commenced on July 7,” the president said in a message dated July 10 and addressed to Republican Sen. Chuck Grassley of Iowa, … Read more

US citizen is found guilty of helping export tech to Iran in violation of sanctions

BOSTON — A Massachusetts man was found guilty Monday of conspiring to unlawfully export electronic components to Iran in violation of U.S. sanctions. Mahdi Mohammad Sadeghi, who worked at the global electronics company Analog Devices, was accused of helping an Iranian business associate get around American export control laws. U.S. prosecutors say the business associate’s … Read more

Oil prices rise as the U.S. and Iran fight over control of Strait of Hormuz

Oil prices rose on Monday as the conflict between the U.S. and Iran intensified days after President Trump declared the countries’ ceasefire agreement to be over. Iran claimed the Strait of Hormuz was closed as both sides exchanged more strikes over the weekend. Kristin Myers, ETF editor-in-chief at ASSET TV, joins CBS News to share … Read more

Oil jumps 5% after Trump reimposes Iran blockade

The price of oil jumped more than 5% after President Donald Trump declared on social media Monday morning that the U.S. would be resume its blockade on Iran and be “reimbursed” for helping ships transit the Strait of Hormuz. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. U.S. … Read more

US and Iran Trade Strikes as Ceasefire Deal Efforts Unravel

IE 11 is not supported. For an optimal experience visit our site on another browser. Sam Neill, Actor Known For ‘Jurassic Park,’ Dies at 78 02:22 Video: Massive Bison Attacks Tourist at Yellowstone National Park 02:11 Intense Storms Batter the South as Heat Dome Builds in the West 03:22 Now Playing US and Iran Trade … Read more