President Trump announced that the U.S. and Iran had agreed to a two-week ceasefire in the war that was contingent on the reopening of the Strait of Hormuz.
President Trump said he has agreed to a "double sided CEASEFIRE" with Iran, less than two hours before his deadline for Iran to either cut a deal with the U.S. or face massive strikes on its power plants.
A new analysis from JPMorgan says gas prices could hit $5 per gallon as soon as this month if the Strait of Hormuz stays closed. Former Trump economic adviser Stephen Moore joins "The Takeout" to discuss.
Voters in Georgia's 14th Congressional District are deciding Tuesday who will replace former Rep. Marjorie Taylor Greene, Republican Clay Fuller or Democrat Shawn Harris. CBS News national correspondent Skyler Henry reports.
