Jason Fraley celebrates Oscar Week with a special 10th anniversary flashback to his first trip to cover the Academy Awards at the Dolby Theater in Hollywood as a live contributor for CBS News Radio in 2016. Each day this week, you’ll hear the audio Jason recorded backstage in the press room as the winners took the podium holding their Oscars, starting today with Leonardo DiCaprio, who won Best Actor for “The Revenant." Leo is nominated again this year for "One Battle After Another." (Theme Music: Scott Buckley's "Clarion ")
The Latest: US tightens economic squeeze on Iran after a week of renewed strikes
The U.S. Treasury announced Friday it has imposed sanctions on the Turkish bank Golden Global Yatirim Bankasi Anonim Sirketi, as part of the Trump administration’s latest effort to sever “critical financial lifelines” for the Iranian government.
Having launched “Operation Economic Outcast” just last week to try to isolate Iran from its remaining global trade partners, the Trump administration also resumed strikes in recent days — signaling President Donald Trump’s turn to a dual-pronged approach that combines economic pressure with the potential of a devastating escalation in force. But the Iranian leadership has yet to bow to already intense sanctions and an intermittent bombing campaign since the war began six months ago.
The global economy, meanwhile, continues to roil. Diesel hit a record price in the U.S. on Friday, soaring to an average of $5.85 a gallon for the first time as the war disrupts the world’s flow of fuel.
A day earlier, Vice President JD Vance rejected the use of the word “war” to describe the fighting with Iran and steered clear of predicting that the 6-month-old conflict would be over by November’s midterm elections, in which Republicans are trying to hang on to their narrow majorities in Congress.
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Latest NewsAugust 31, 2026




