“].join(“”);document.write(t)}})(1);
Skip to contentSkip to site index
new video loaded: Why Does Oil Matter So Much to the Global Economy?
2:21
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
Watch Today’s Videos
More in Middle East Crisis›
Oil Prices Briefly Surge as Iran Attacks Continue
0:44
Israeli Attacks Rock Beirut, Displacing Hundreds of Thousands
1:18
At Least Three Ships Struck Around Strait of Hormuz
1:28
Iran Holds Day Of Mourning for Deceased Commanders
1:16
Israeli Strikes Hit Central Beirut
1:30
Iranian Soccer Squad Member Changes Mind on Asylum Offer
1:21
Video ›
Today’s Videos
U.S.
Politics
Immigration
NY Region
Science
Business
Culture
Books
Wellness
World
Africa
Americas
Asia
South Asia
Donald Trump
Middle East Crisis
Russia-Ukraine Crisis
Visual Investigations
Opinion Video
Advertisement
SKIP ADVERTISEMENT