Oil prices briefly spiked to more than $100 a barrel on Monday amid the ongoing war in Iran, before falling sharply, underscoring how initial fears of supply disruptions eased as contingency plans ...

Mary Cunningham is a reporter for CBS MoneyWatch. She previously worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program. Gasoline prices in the U.S. continued ...

Investors now expect that the Fed will delay a rate cut until September instead of July, as they had before the war in Iran began. By Colby Smith Colby Smith covers the Federal Reserve. The Federal ...

On Monday, the U.S.–Israel war with Iran pushed oil prices to their highest level since July 2022. Since the war began in late February, the national average price of gas has steadily increased. It’s ...

The widening Iran war has upended oil production and shipping across the Middle East, straining energy supplies worldwide. Those disruptions caused oil to spike Monday, only for it to swiftly fall ...

The ongoing conflict in the Middle East has sent oil prices soaring and has prompted G7 leaders to consider the potential release of emergency oil reserves to provide relief to consumers facing higher ...

Group of Seven nations have not agreed, at least not yet, on a coordinated release of petroleum reserves, according to France’s finance minister. Finance chiefs from the group of seven wealthy ...

Stocks and energy prices staged a remarkable reversal Monday afternoon after President Donald Trump told CBS News that the war in Iran was “very complete, pretty much.” Trump repeated that message ...

Oil prices spiked near $120 per barrel before falling back Monday as the Iran war intensified, threatening production and shipping in the Middle East and pummeling financial markets.The price for a ...

Gas prices are rising across the U.S. amid the war in Iran, with the national average hitting $3.47 per gallon. President Donald Trump dismissed concerns, stating that short-term price hikes are a ...