Iran says Israel is violating the ceasefire deal President Trump announced, and Tehran appears to still have control over shipping in the Strait of Hormuz.
Iranian state media said Wednesday that tanker traffic through the Strait of Hormuz is "suspended" over Israeli's continued attacks against Hezbollah in Lebanon. CBS News senior foreign correspondent Imtiaz Tyab has more.
Oil prices plunged on Wednesday after President Trump announced a 2-week ceasefire between the U.S. and Iran. CBS News business analyst Jill Schlesinger has more.