War in Iran squeezing U.S. oil supply, driving up gas prices – CBS News Watch CBS News The economic risks of the war in Iran are getting real for Americans at home. Stock markets ended the week down again as the conflict dragged on. This as U.S. crude oil costs are pumped up. Andres Gutierrez … Read more
President Trump called on countries like the U.K., France, South Korea, Japan and even China to help keep the Strait of Hormuz open as Iran tries to strangle the flow of oil from the region. Charlie D’Agata reports. Source link
Formula 1 is officially canceling two upcoming races in Bahrain and Saudi Arabia due to the Iran war and the widening conflict in the Middle East, it announced Saturday. The Bahrain Grand Prix was scheduled for April 12, and the Saudi Arabia Grand Prix for April 19. “While several alternatives were considered, it was ultimately … Read more
Americans are poised to receive bigger refunds when they file their taxes this year than they did in 2025, due to changes in the tax code. Already, U.S. households have received an average federal tax refund of $3,742, according to IRS data as of Feb. 27. That’s about 10.6% higher than the average refund was … Read more
Federal Communications Commission Chair Brendan Carr threatened to revoke broadcast licenses on Saturday, echoing criticism from President Trump over news networks’ coverage of the U.S.-Israeli war in Iran. “Broadcasters that are running hoaxes and news distortions – also known as the fake news – have a chance now to correct course before their license renewals … Read more
Qatar, home to the largest U.S. military base in the Middle East, has been hit by Iranian retaliatory strikes amid the U.S.-Israeli war. Dr. Majed Mohammed Al-Ansari, who is the official spokesperson of Qatar’s Ministry of Foreign Affairs, told CBS News’ Imtiaz Tyab that the region needs “an end to this as soon as possible,” … Read more
NEW YORK — As the U.S. and Israel’s war against Iran continues to upend energy markets and supply chains worldwide, the Trump administration says it might suspend maritime shipping requirements under a more than century-old law known as the Jones Act. The Jones Act requires that goods hauled between U.S. ports be moved on U.S.-flagged … Read more
IE 11 is not supported. For an optimal experience visit our site on another browser. Trump says military targets on Iranian island ‘obliterated’ 01:15 Michigan synagogue suspect seen buying fireworks before attack 01:23 Fans gather for Dolly Parton’s return post-health struggle 00:32 Team USA sled hockey advances to gold medal game 01:22 Mayor: Michigan suspect … Read more
Strait of Hormuz becomes focal point of war with Iran – CBS News Watch CBS News Iran continues to harass vessels in the Strait of Hormuz, and the prospect of U.S. naval escorts appears more likely. But when that would occur remains a mystery. CBS News’ Matt Gutman and Aaron MacLean have the latest. Source … Read more
A total of 13 U.S. service members have been killed in the joint Israeli war with Iran, including the six who died in a plane crash in Iraq. Meanwhile, pro-government protesters took to the streets in Iran despite waves of airstrikes. CBS News chief correspondent Matt Gutman reports on the war’s latest and Sumantra Maitra, … Read more