The Iran war has forced oil producers in the Middle East to cut supply, putting further upward pressure on crude prices.

Iran picked a new supreme leader and escalated attacks on the ninth day of the war, hitting a water desalination plant in Bahrain, while Israel struck major fuel depots in Tehran and threatened the Islamic Republic’s power grid.

Jill Schlesinger joins "CBS Saturday Morning" to discuss how the war against Iran is impacting the price of oil and gas. She also breaks down the February jobs report.

One week into the U.S.-Israeli war against Iran that has plunged the Middle East into turmoil, President Donald Trump faces a growing ⁠list of ⁠risks and challenges that raise questions about whether he will be able to translate military successes ⁠into a clear geopolitical win.

Oil prices have eclipsed $100 per barrel for the first time in more than three and a half years as the Iran war hinders production and shipping in the Middle East. The price for a barrel of Brent crude,

The war with Iran is driving major market volatility, with U.S. crude oil posting its biggest weekly gain in futures trading history and closing at $91.27 a barrel — a more than 35% jump since the conflict began.

Israel is renewing its assault on southern Lebanon, including targeting commanders of the Lebanese branch of Iran’s Revolutionary Guards’ Quds Force in Beirut

The Iran war exploded further late Saturday as pillars of flame rose above an oil storage facility in Tehran, and Israeli Prime Minister Benjamin Netanyahu promised “many surprises” for the next phase of the week-old conflict.