The Iran war has shattered the fragile coexistence among Gulf energy producers that long underpinned regional stability. Oil and gas markets will now carry a higher Middle East risk premium for years — if not decades.

Erin Burnett speaks to a former member of the Trump Administration’s Iran negotiating team Nate Swanson about his warnings of how Iran would retaliate in the event of U.S. military action.

Israel kept up its campaign of targeting Iran’s leaders on Wednesday, saying it killed the country’s intelligence minister, and an Iranian offshore natural gas field was struck in a sign of the war’s mounting pressure – from both sides -- on the region’s economic lifeblood: energy.

President Trump, Defense Secretary Pete Hegseth, House Speaker Mike Johnson, U.S. Ambassador to the U.N. Mike Waltz and other top officials are attending the dignified transfer for six service members who died in the war.

Israel killed two senior Iranian security officials in a major blow to the Islamic Republic’s leadership as it faces its greatest test in decades, and Iran responded Wednesday with renewed missile and drone attacks on its Gulf Arab neighbors and Israel.

Iran launched retaliatory strikes against Israel and Persian Gulf states after Israel said it killed two top Iranian officials. CBS News' Charlie D'Agata has more.

Donald Trump's war against Iran threatens to undermine his political superpowers and could reshape his presidency through rising oil prices and weakened leverage.

International Atomic Energy Agency head Rafael Grossi said Iran's nuclear program is heavily damaged, "but the material will still be there and the enrichment capacities will be there."