Economy

78-year-old DoorDash driver gets massive tip from thousands of strangers after viral doorbell video

March 16, 2026 / 12:12 PM EDT / CBS News

With gas prices still rising, experts recommend 3 ways to save fuel

Updated on: March 16, 2026 / 11:57 AM EDT / CBS News

Iranian oil tankers allowed through Strait of Hormuz, Bessent says

Treasury Secretary Scott Bessent said the United States is allowing Iranian oil tankers to move through the Strait of Hormuz as part of an effort to stabilize global supply and prices.

Gas prices edge higher with Brent crude remaining above $100 per barrel

Gasoline prices inched higher on Monday with Brent crude remaining above $100 per barrel, as the Strait of Hormuz, a vital shipping lane for the global energy supply, remains paralyzed amid the Iran war.

European takeover battle hots up with UniCredit’s ‘unfriendly attack’ on Commerzbank

Milan-based bank plans to up its near-30% stake in German lender to trigger formal talks despite strong opposition from Berlin

Cuba opens private-sector investment to nationals in US

Cuba is preparing to allow Cuban nationals living in the United States to invest in private businesses on the island, a possible shift in economic policy as the communist-run country struggles through one of the deepest economic crises in decades.

What are today's mortgage interest rates: March 16, 2026?

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U.S. is allowing Iranian oil tankers through Strait of Hormuz, says Bessent

The White House believes tanker traffic through the Strait of Hormuz will increase before Navy escorts are deployed, Treasury Secretary Scott Bessent said.

Trump Administration to Increase Visas for Agricultural Workers

The Trump administration is quietly increasing the number of temporary visas for immigrant farm workers, The New York Times reports.

Hormuz oil crisis puts rotten fruits of 'green' policies on display

In the volatile waters of the Strait of Hormuz, maritime traffic has slowed to an agonizing crawl. Roughly a fifth of global oil trade passes through this narrow passage. Nearly half of the crude oil headed toward Asia must cross these waters.

Iran war oil crisis teaches a valuable lesson

After news broke of a U.S.-Israeli strike on the Islamic Republic of Iran, for many people the first question wasn’t about military strategy — it was about the price of gasoline. Indeed, oil futures surged after the strikes, but situations such as these provide a valuable lesson about the importance of energy abundance.

Drug pricing should be near the top of the US-Japan agenda

President Donald Trump will soon host Japanese Prime Minister Sanae Takaichi at the White House, where the two leaders will seek to strengthen the United States-Japan alliance and boost both countries’ economies.