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Video: Why Does Oil Matter So Much to the Global Economy?
📅 2026-03-12 14:05:02 | ✍️ Rebecca F. Elliott, Sutton Raphael, Joey Sendaydiego, James Surdam and Nikolay Nikolov | 🌐 NYT > Top Stories
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The war in the Middle East has sent oil and gas prices soaring. Our energy reporter Rebecca F. Elliott breaks down how much the world continues to depend on reliable sources of oil.
By Rebecca F. Elliott, Sutton Raphael, Joey Sendaydiego, James Surdam and Nikolay Nikolov
March 12, 2026
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