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Why Does Oil Matter So Much to the Global Economy?
new video uploaded: Why Is Oil So Important to the Global Economy?
The war in the Middle East caused oil and natural gas prices to rise. Our energy correspondent Rebecca F. Elliott explains how dependent the world remains on reliable sources of oil.
Written by: Rebecca F. Elliott, Sutton Raphael, Joey Sendaydiego, James Surdam and Nikolay Nikolov
March 12, 2026
