Live Updates: Iran war is "small potatoes" for U.S., Trump says
Updated on: September 4, 2026 / 9:31 PM EDT / CBS News
TL;DR
- President Trump referred to the Iran war as "small potatoes" and a "military conflict," downplaying its significance for the U.S.
- U.S. gas and diesel prices reached record highs ahead of the Labor Day weekend, attributed partly to the ongoing conflict and its impact on oil prices.
- The U.S., along with allies, has drafted a UN resolution to refer Iran to the Security Council for noncompliance with nuclear obligations.
- The U.S. approved a $5 billion sale of bombs and equipment to Saudi Arabia amid ongoing conflict in the region.
- President Trump reiterated threats to strike Iran's alleged nuclear site, Pickaxe Mountain.
- Israeli airstrikes in southern Lebanon resulted in casualties, despite a truce with Hezbollah.
- The U.S. Embassy in Beirut welcomed Israel's release of prisoners as a step towards a peace deal between Lebanon and Israel.
- New U.S. sanctions were imposed on a Turkish financial institution allegedly tied to Iran's Revolutionary Guard.
- Iranian officials acknowledge economic pressure on the public due to severe U.S. sanctions, impacting infrastructure projects and currency value.
- Iran's president stated the government will manage economic concerns without raising gas prices, using non-pricing measures for consumption control.
- Iranian officials claim the U.S. and Israel failed to achieve their primary war objectives against Iran.
- Thousands attended the funeral of a child allegedly killed in a U.S. strike on a wedding party in Iran, though the U.S. military is investigating the claims and expressed skepticism.
- Lebanon's president thanked President Trump and the U.S. as Israel released former detainees.
- Israeli Prime Minister Netanyahu expressed confidence that Iran's regime could be overthrown, calling it weaker than ever.