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Iran balked at President Trump's demands for a peace deal amid a standoff over the Strait of Hormuz, as fear the war could reignite hits oil and energy markets.

Some U.S. importers reported problems filing tariff refund claims after Customs and Border Patrol launched its dedicated portal on Monday.

Lori Chavez-DeRemer is taking a role in the private sector, according to the White House.

Apple CEO Tim Cook will step down in August and become executive chairman of Apple's board.

As President Trump toggles between optimism and pessimism on a deal with Iran, sometimes in the same hour, the Strait of Hormuz remains closed. CBS News' Charlie D'Agata, Ed O'Keefe and Aaron MacLean have the latest on the state of the war.