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Despite start of military operations to intercept ships region, investors still expect U.S. and Iran to find an off-ramp.

The price of U.S. crude rose to $104.24 a barrel following the blockade announcement and Brent crude oil, the international standard, rose to $102.29.

Debt relief may help safeguard retirement income, but only in specific situations and with the right strategy.

Lawmakers are pushing for California Democratic Rep. Eric Swalwell to leave Congress after sexual assault allegations were made against the politician. CBS News' Caitlin Huey-Burns has more.

Neil Irwin, chief economic correspondent at Axios, joins CBS News 24/7 to break down the jump in oil prices after President Trump announced the U.S. would blockade Iranian ports in the Strait of Hormuz.