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The exchange, after Tehran's first such strike on Israel in two months, threatened to further complicate efforts to broker a peace deal aimed at ending the war.
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During the interview, the president was repeatedly challenged on several points by the show's presenter Kristen Welker.
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Oil rises on Monday amid heightened tensions in the Middle East, raising concerns that the conflict may drag on.
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Tens of thousands of people took part in an annual fundraising walk for Israel in Toronto on Sunday.
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Mr. Pelley, who was at CBS News for 37 years, including as a White House correspondent and a "60 Minutes" correspondent, spoke in his first extended interview since he was fired.
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U.S. efforts for a truce in Lebanon appear to have stalled. Israel accused Hezbollah of firing at Israeli territory. Iran threatened to retaliate.
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The city is currently heightening security measures before President Trump visits on Monday to watch the NBA finals.
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Representative Ro Khanna said that he believed the account of a woman who accused Graham Platner of physically threatening behavior, and urged his campaign not to criticize her.
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