The Trump administration ordered the release of 172 million barrels of oil from the U.S. Strategic Petroleum Reserve this week, making it the second-largest release from the reserve in its history after former President Joe Biden’s 2022 withdrawal of 180 million barrels. The move was meant to stem oil prices, which hovered over $100 a…
The Callisto tanker sits anchored in Port Sultan Qaboos as the traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Muscat, Oman, March 12, 2026. Benoit Tessier | Reuters Brent crude oil held above $100 on Friday as the Iran war heads toward its third week, with oil tanker…
AGOA was designed to give investors predictability – yet its benefits are now threatened by the turmoil of shifting US trade rules. Like most of the world, Africa is perplexed by the rollercoaster ride of shifting United States (US) trade policy. That is particularly true of the changes to AGOA – the African Growth and…
Iran’s new Supreme Leader Ayatollah Mojtaba Khamenei issued his first public message Thursday — but the statement came as a prepared message, with no speech, video or public appearance. Security around Iran’s leadership is extremely tight following the assassination of his father, Ayatollah Ali Khamenei, in the opening phase of the war now spreading across…
The United States is signing bilateral health deals with African countries. By the end of February 2026, deals worth US$19.8 billion had been signed in new health funding. Of this amount, the US has committed US$12.2 billion and African countries US$7.5 billion. Eighteen African countries have signed these deals. They are Botswana, Burkina Faso, Burundi,…
Oksana Masters, the most decorated U.S. Winter Paralympian of all time, told CBS News that “my cheeks are hurting from smiling” after winning three gold medals in Milan. “I feel like I’m on top of the world,” Masters said. “I am shocked.” Masters took home her 20th medal after placing first in the women’s sprint…
Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. Stringer | Reuters Insurance giant Chubb will be the lead underwriter for a U.S. government-led program to provide insurance…
A senior Qatari official, who has worked for years in the Gulf state’s ministry of foreign affairs, told CBS News on Wednesday that the Middle East has, “for all intents and purposes,” been engulfed in a regional war that governments in the region warned about for years. Dr. Majed Al-Ansari, an adviser to the Qatari…
CBS News attended the burials on Monday of a number of individuals the Iranian government said were military and intelligence officers and their relatives at a cemetery about 16 miles south of Tehran. CBS News was able to attend with government permission. The Iranian government has not allowed the media to publicize anti-regime voices from…
Defense Secretary Pete Hegseth said that Tuesday would be the “most intense day” of strikes against Iran so far, and that “ultimately,” President Trump “gets to determine the end stage of those objectives” in the Islamic Republic. “Today will be, yet again, our most intense day of strikes inside Iran — the most fighters, the…
