As the threat of escalation in the war with Iran drives gas prices higher and hurts economies worldwide, one sector is doing really well, the revenue for Big Oil. Ali Bauman explains.

Major oil companies reported massive profits while fighting between Iran and the U.S. impeded petroleum shipments

Tim Stewart, president of the U.S. Oil & Gas Association, provides insight into the volatile oil market amidst escalating Middle East tensions and President Donald Trump's warnings to Iran.

America's biggest oil companies are reporting massive profits as the Iran war continues to disrupt global energy supplies. CBS News business contributor Javier David joins with analysis.

Wall Street ended higher on Friday, lifted by Amazon as the tech heavyweight's strong quarterly report bolstered investor confidence in AI-related stocks, while Apple dropped after its results disappointed investors.

Wall Street’s wild July is ending with more swings as Amazon’s stock leaps, Apple sinks and rising oil prices worsen worries about inflation already squeezing the bond market. The S&P 500

Wall Street closed higher on Friday, supported by a rally in Amazon shares after the technology giant's strong quarterly results boosted investor confidence in artificial intelligence-related stocks,

U.S. stocks rose to the finish of a wild July as Amazon leaped, Apple sank and rising oil prices worsened worries about inflation

The decision comes as speculation continues to swirl around whether the Bank of Japan will hike rates at a faster pace.

The BoJ held its benchmark rate at 1% on July 31, an outcome every economist surveyed had expected after June's hike to a 31-year high.

USD/JPY firmed on Friday as the yen remained under pressure after the Bank of Japan left interest rates unchanged. At the two-day policy meeting that ended on Friday, the BOJ kept ⁠short-term interest rates steady

Japan’s central bank kept monetary policy unchanged, though the BOJ’s governor signaled growing concerns about inflation overshooting its goal.