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Live Updates: As U.S.-Israeli war with Iran intensifies, Trump says it is "very far ahead of schedule" - CBS News

President Trump's assurances that a rising U.S. death toll and soaring energy prices will be temporary and worth the pain are failing to assuage jittery investors.

U.S. NewsBy James CrawfordMarch 9, 20267 min read

Last updated: April 1, 2026, 2:59 AM

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Live Updates: As U.S.-Israeli war with Iran intensifies, Trump says it is "very far ahead of schedule" - CBS News

Netanyahu warns "We are not done yet" in Iran

Prime Minister Benjamin Netanyahu warned that Israel's military offensive against Iran was "not done yet," saying the operation was degrading Iran's clerical leadership.

"Our aspiration is to bring the Iranian people to cast off the yoke of tyranny; ultimately, it depends on them. But there is no doubt that with the actions taken so far, we are breaking their bones -- and we are not done yet," Netanyahu said during a visit to the National Health Command Centre on Monday night, according to a statement published Tuesday.

At least 5 members of pro-Iranian militia in Iraq killed in airstrike, sources say

Pro-Iran militias in Iraq have launched attacks on U.S. bases in Iraq since the beginning of the U.S.-Israeli war with Iran.

Early Tuesday, one of those militias, the 40th Brigade of the Popular Mobilization Forces, in the city of Kirkuk, was hit with an airstrike that killed at least five militiamen and wounded four others, according to officials who spoke on condition of anonymity because they weren't authorized to talk to reporters.

It wasn't immediately clear who was behind the strikes.

Iran's foreign minister says no chance of talks with U.S. as things stand now

Iran's foreign minister said Tuesday his country was prepared to continue attacks for as long as necessary and ruled out talks after President Trump said the war with Iran would be over "very soon."

Abbas Araghchi told PBS his country was prepared to continue missile attacks and talks with the U.S. were no longer on the agenda.

Iran continues to hit Gulf Arab states

Iran launched new attacks Tuesday at Gulf Arab countries as it keeps up pressure on the region.

Incoming missile sirens sounded early in the morning in Dubai in the United Arab Emirates and Bahrain, while Saudi Arabia said it had destroyed two drones over its oil-rich eastern region and Kuwait's National Guard said it had show down six drones.

Israeli strikes also hit southern and eastern Lebanon overnight, state media reported Tuesday, as Israel targets the Lebanese group Hezbollah, a powerful Iran proxy.

In addition to firing missiles and drones at Israel and American bases in the region, Iran has been targeting energy infrastructure which, combined with its stranglehold on the Strait of Hormuz, has sent oil prices soaring.

Oil prices drop after surge early in the day as Trump warns Iran not to stop oil shipments

Oil prices finished Monday slightly below Friday's levels after a wild trading day that saw prices near $120 per barrel before plunging by more than $25.

Prices surged by double-digit margins late Sunday evening and early Monday as fears mounted about the war and Iran's impact on oil shipments. Commercial traffic has all but stopped in the narrow Strait of Hormuz, which lies between Iran and the Arabian Peninsula and carries roughly 20% of the world's oil. As ships remain unwilling to pass through the strait and storage facilities fill up, several major Arab oil producers have cut production with nowhere to send their oil.

Some of the morning's gains were pared back later in the day. Then, on Monday afternoon, President Trump signaled that the U.S. military could get involved in keeping the strait open and predicted the war could end "very soon" — and prices fell even more.

The president told CBS News he's considering taking over the strait and warned in a news conference later in the evening that Iran will face "much harder" strikes and pay an "incalculable" price if it does anything to stop oil shipments. He also reiterated his pledge to offer political risk insurance to shippers and said the U.S. could escort tankers through the strait.

The U.S. crude oil benchmark, West Texas Intermediate, peaked at more than $116 per barrel shortly after midnight on Monday ET before sinking to just over $90 per barrel 24 hours later. By comparison, WTI was trading at slightly over $91 per barrel when markets closed for the weekend on Friday. The international Brent benchmark followed a similar trajectory.

Vance attends dignified transfer for 7th U.S. service member killed in Iran war

Vice President JD Vance participated in a dignified transfer for Army Sgt. Benjamin N. Pennington, the seventh American service member who was killed in the U.S.-Iran conflict.

Vance flew to Dover Air Force Base in Delaware for the arrival of Pennington's remains. The vice president was seen saluting during the ceremony, alongside Defense Secretary Pete Hegseth and Chairman of the Joint Chiefs of Staff Gen. Dan Caine.

A Kentucky native, 26-year-old Pennington was assigned to the 1st Space Battalion in Colorado. He was injured during a March 1 attack on a base in Saudi Arabia, and died from his injuries a week later, according to the Pentagon.

A dignified transfer for six other U.S. service members who were killed took place last weekend, with President Trump in attendance.

Trump vows to hit Iran "TWENTY TIMES HARDER" if it blocks Strait of Hormuz

President Trump warned Iran against blocking the Strait of Hormuz, a crucial chokepoint for the world's oil industry, as the war with Iran has brought shipping traffic in the strait to a virtual standstill — causing oil prices to spike since the war began.

"If Iran does anything that stops the flow of Oil within the Strait of Hormuz, they will be hit by the United States of America TWENTY TIMES HARDER than they have been hit thus far," he said on Truth Social. "Additionally, we will take out easily destroyable targets that will make it virtually impossible for Iran to ever be built back, as a Nation, again — Death, Fire, and Fury will reign upon them — But I hope, and pray, that it does not happen!"

Mr. Trump has repeatedly threatened to ramp up strikes on Iran if it disrupts the Strait of Hormuz, which lies between Iran and the Arabian Peninsula and carries roughly 20% of the world's oil. Earlier Monday, he told CBS News he was considering taking over the waterway.

Trump says "I'm willing to live with" final report on bombing of girls' school

President Trump said he's the only one in his administration who has suggested that Iran bombed a girls' school "because I just don't know enough about it."

A preliminary U.S. assessment suggests that the U.S. was "likely" responsible for the deadly attack but did not intentionally target the school and may have hit it in error, a person briefed on the preliminary intelligence told CBS News.

"It's something that I was told is under investigation," Mr. Trump said. "But Tomahawks are used by others. … Numerous other nations have Tomahawks. They buy them from us."

Mr. Trump said he would accept "whatever" the investigation shows.

"I'm willing to live with that report," he said.

Without providing evidence, the president had said Saturday that the U.S. believes the bombing "was done by Iran" and cited information that he had seen.

Trump points to Venezuela as example for Iran's leadership

President Trump said he was "disappointed" by the selection of Mojtaba Khamenei as the country's new Supreme Leader, but said he likes "the idea" of someone "internal" leading the country "because it works well."

The president pointed to the ouster of Venezuela's former president, Nicolás Maduro, and Delcy Rodríguez taking over in the interim. Rodríguez was vice president.

JC
James Crawford

National Correspondent

James Crawford is a national correspondent covering breaking news and domestic affairs across the United States. With over a decade of experience in investigative reporting, he has covered major stories from Capitol Hill to Main Street. His work focuses on the policies and events that shape American life.

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