Oil prices climbed in Asian trade Monday morning as escalating tensions in the U.S.-Iran conflict stoked concerns over potential supply disruptions in the Middle East.

Oil prices extended gains ‌on Monday as tit-for-tat strikes between the U.S. and Iran on vessels sailing in the Strait of Hormuz and other areas heightened concerns of a prolonged supply disruption from the Middle East.

Iran said it targeted three oil tankers using an unauthorized route through the Strait of Hormuz, as well as a number of US-linked ships, in retaliation for American attacks on Iranian tankers over the weekend.

A day after President Trump called the conflict with Iran “small potatoes,” U.S. forces struck multiple Iranian tankers. Iran says it’s striking back, aiming at three vessels tied to the U.S. The escalation in the Middle East comes as oil prices rise and the midterms move closer.

Social Security's 2027 COLA may be smaller than initially expected, but there is a silver lining for retirees.

Advocacy group The Senior Citizens League’s latest estimate predicts the 2027 COLA will be 3.6%. The COLA was 2.8% in 2026, 2.5% in 2025, and 3.2% in 2024. It was 8.7% in 2023, as post-COVID inflation reached its peak.

Mark Oct. 14 on your calendar. Social Security COLAs are based on data from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) for the months of July, Au

The 2027 Social Security COLA is projected at 3.4% to 3.6%. For retirees near the tax threshold, that raise could trigger taxes on benefits for the first time.

Acting Labor Secretary Keith Sonderling discusses the August jobs report, which found that the U.S. economy added 162,000 jobs, on ‘The Big Weekend Show.’

The U.S. labor market grew by 162,000 jobs in August, according to a new report from the Bureau of Labor Statistics. CBS News business producer Emily Pandise has more.

The US labor market showed unexpected strength in August, with 162,000 jobs added, surpassing economists' predictions.

New government data smashes economists' expectations as 162,000 were added to the U.S. economy in the latest jobs report.

We’re going to build new mines, new processing facilities.’” Although Trump keeps insisting otherwise, the U.S. relies heavily on Canadian resources. Canada supplied more than 80 percent of U.S. electricity imports in 2025,

President Trump said Sunday the U.S. dollar to Canadian dollar “imbalance” is “unacceptable,” two days before Canadian tariffs will go into effect on a slew of American goods. “Canada’s (currency)

U.S. President Donald Trump took a few swings at Canada during a spate of AI-generated posts to his Truth Social platform on Sunday afternoon, including a complaint about the value of the Canadian dollar.

Canada is shifting from emphasizing critical minerals cooperation with Washington to prioritizing domestic processing, new power infrastructure and deals with other allies. The change is political leverage,