TSA Officer Unable to Afford Gas for Daily Commute
Long lines at Phoenix Sky Harbor Airport over the past week were tied to a wave of TSA sick calls, with CBS News reporting that nearly one in four scheduled screeners called out.
Economy
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Markets Slide Five Weeks as Iran Conflict and Oil Spike Bite
Stocks fell again on Friday, marking a fifth straight week of declines — the longest run of weekly losses in nearly four years — as investors reckoned with a sustained Iran conflict and a sharp rise in crude oil. The...
Spike in Oil Trades Before Trump's Iran Announcement
Trading activity in oil futures just before President Trump’s Truth Social post about talks with Iran has prompted questions about possible insider trading. Trump posted shortly after 7 a.m. EST that talks with Iran...
Traders Positioned Before Trump Delayed Iran Strikes
Market data showed a sudden, concentrated spike in oil futures trading minutes before President Trump announced he would postpone strikes on Iranian power and energy infrastructure. Volume was muted until roughly 6:49...
Poll: Iran Conflict and Gas Prices Heighten Economic Worries
By Jennifer De Pinto, Fred Backus Updated: March 22, 2026 / 9:23 PM EDT / CBS News Americans weigh both foreign objectives and domestic consequences when judging the U.S. campaign against Iran. A new CBS News/YouGov...
Middle East Energy Attacks Threaten U.S. Economy
A recent escalation in attacks on energy infrastructure across the Middle East has worsened the fuel supply squeeze that began when fighting disrupted shipments through the Strait of Hormuz. Consumers had hoped that...
Rare Earths: America's Frontline in the U.S.-China Trade War
Jon Wertheim reports from the only operating rare-earth mine in the United States, a surprising flashpoint in the economic standoff with China. Located about an hour southwest of Las Vegas in the Mojave Desert, the site...
Why Gas Prices Rose Despite Record U.S. Oil Output
U.S. crude output has hit record highs, but that alone does not determine what drivers pay at the pump. Gasoline prices are the result of a chain of factors—many outside domestic production levels—that can push prices...
Wright Outlines Plan to Ease Rising Energy Costs
At a press briefing, Chris Wright addressed mounting public concern about sharply higher energy prices, acknowledging the strain on households and businesses and describing a set of short- and long-term responses...
Hormuz Paralysis Keeps Gas Prices Elevated
Gasoline costs edged up as the conflict with Iran continued to squeeze shipping through the Strait of Hormuz, keeping Brent crude above $100 a barrel and maintaining pressure on consumers and markets. AAA reported the...
Oil Near Two-Year High as Strait of Hormuz Disruptions Spike Prices
Oil prices surged Friday as fears that the Iran war will interrupt global crude flows pushed benchmarks to near their highest levels since April 2024. West Texas Intermediate climbed 6.8% to $86.57 a barrel, while Brent...
Markets Rebound After Trump Offers Ship Insurance in Gulf
Updated on: March 3, 2026 / 9:23 PM EST / CBS News Stocks trimmed early losses Tuesday as investors assessed the economic fallout from widening conflict in the Middle East and potential impacts on global oil supplies....