Why Does Oil Matter So Much to the Global Economy?

12/03/2026 14:05 New York Times

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.

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War With Iran Puts Further Strain on America’s Pessimistic Farmers

Nearly 75 percent of farmers surveyed before the war said the crop sector was in a recession. They face bigger hurdles this planting season....

12/03/2026 14:57 New York Times

Iran War Causing Largest Ever Oil Disruption, I.E.A. Says

Conflict is forcing producers to slash production and close ports as Iran steps up attacks on energy infrastructure....

12/03/2026 14:11 New York Times

Jimmy Kimmel Addresses the Notion of a Drone Strike on California

“Isn’t this how ‘Ironman 3’ started?” Kimmel said after the F.B.I. warned state officials to prepare for a retaliatory Iranian drone strike on the West Coast ahead of Sunday’s Academy Awards....

12/03/2026 13:35 New York Times

‘He Seems Really Bad at Getting Advice’: 3 Opinion Writers on Trump and Iran

Is Trump triumphing or has he committed a grave error? A debate on the Iran war....

12/03/2026 13:10 New York Times

Ground Down by War, Hezbollah’s Loyal Base Shows Cracks

“We just want to be back in our homes,” said a Lebanese man who, like many others in the latest round of fighting, has to flee....

12/03/2026 11:02 New York Times

Pete Hegseth’s Rhetoric of Violence

We examine the defense secretary’s view of war....

12/03/2026 10:54 New York Times

The $11 Billion Cost for One Week of War, and a New ‘Millionaires’ Tax’

Plus, Planned Parenthood’s new offering: Botox....

12/03/2026 10:00 New York Times

How Hegseth Came to See Moral Purpose in War as Weakness

Defense Secretary Pete Hegseth’s bellicose and vengeful rhetoric describing the military’s war in Iran grew out of his experience in Iraq....

12/03/2026 09:03 New York Times

How Russia’s Scorched-Earth Attacks Put Ukraine’s Power Grid Near Collapse

Strikes on Ukrainian energy systems have tripled this winter. Continuous repairs and Western aid staved off a total breakdown....

12/03/2026 09:02 New York Times

Starmer Was Warned of Mandelson’s Ties to Epstein Ahead of Ambassador Pick

Documents released by the U.K. government on Wednesday showed that Prime Minister Keir Starmer was told of Peter Mandelson’s ties to the sex offender Jeffrey Epstein....

11/03/2026 22:32 New York Times

First Week of Iran War Cost More Than $11 Billion, Pentagon Tells Congress

In a Capitol Hill briefing, officials gave their most comprehensive assessment of the cost of the first six days of the war, but the number omitted several aspects of the operation....

11/03/2026 20:49 New York Times

U.S. Inflation Stayed Subdued Before Onset of Iran War

While February’s Consumer Price Index report shows only modest price pressures, inflationary risks are rising again as the conflict in the Middle East drags on....

11/03/2026 18:38 New York Times

Minecraft’s Uncensored Library Adds a United States Wing

The Uncensored Library, a digital project that chronicles attacks on journalistic liberty, is adding a U.S. wing alongside those dedicated to Russia, Saudi Arabia and others....

11/03/2026 16:09 New York Times

Russia Says Ukraine’s Strike on Factory City Was Deadly

Ukraine said the attack struck a key electronics plant, highlighting how it remains capable of hitting high-value targets inside Russia....

11/03/2026 15:21 New York Times

Iranians Feel the War Is ‘Closing In,’ and Bondi Is Said to Move Because of Threats

Plus, iPads in kindergarten....

11/03/2026 10:00 New York Times

How Trump’s War With Iran Changed the World in a Week

The conflict is reshaping travel patterns, energy dependencies, living costs, trade routes and diplomatic alliances....

11/03/2026 09:44 New York Times

Why Voters Might Finally Blame Trump for Rising Costs

Trump’s Iran war will affect more than just gas prices....

11/03/2026 09:03 New York Times

Iran’s New Supreme Leader Was Wounded Early in the War, Iranian and Israeli Officials Say

Officials say Mojtaba Khamenei’s legs were hurt, but the circumstances as well as the extent of his injuries were unclear. He has remained out of view since being announced as leader three days ago....

11/03/2026 06:19 New York Times

Ukraine Can Now Manufacture ‘China-Free’ Drones

The country has prioritized self-sufficiency in producing a crucial battlefield weapon, though weaning itself fully off cheaper Chinese components is difficult....

11/03/2026 04:01 New York Times

How Trump and His Advisers Miscalculated Iran’s Response to War

In the lead-up to the U.S.-Israeli attack, President Trump downplayed the risks to the energy markets as a short-term concern that should not overshadow the mission to decapitate the Iranian regime....

11/03/2026 03:15 New York Times

Tornado Watches in Illinois, Texas and Oklahoma as Intense Storms Move In

Forecasters warned that areas around Chicago could experience especially dangerous weather. This type of storm in early March is “uncommon,” one forecaster said....

10/03/2026 22:46 New York Times

U.S. Showers Iran With Bombs in Most Intense Strikes of the War, Pentagon Says

Iranians cowered under the barrage as Pete Hegseth, the U.S. defense secretary, said the U.S. aimed to wipe out Iran’s capacity to obtain nuclear weapons “forever.”...

10/03/2026 22:14 New York Times

Pentagon Says 140 Service Members Have Been Injured in Iran War

Eight Americans have been seriously wounded, military officials said, but the bulk of the injured have already returned to duty. Seven Americans have been killed....

10/03/2026 20:19 New York Times

How Long Will the Iran War Last? Trump Offers Conflicting Answers.

Now 11 days into an expanding military campaign, President Trump and his officials have given conflicting indications on how long the United States intends the war to last....

10/03/2026 20:12 New York Times

Higher Oil Prices Could Put the Fed in a Bind as Labor Market Softens

Investors now expect that the Fed will delay a rate cut until September instead of July, as they had before the war in Iran began....

10/03/2026 18:54 New York Times

U.S. Eases Limits on Russian Energy as Oil Prices Soar

The volatility in energy markets because of the war in Iran could not come at a better time for President Vladimir V. Putin....

10/03/2026 17:31 New York Times

‘Nothing Will Remain of Tehran,’ Iranians Say Amid Heavy Bombing

Some residents described the strikes overnight Monday into Tuesday as among the worst they had experienced since the war started....

10/03/2026 17:12 New York Times

I Asked a Former Trump Official to Justify This War

Nadia Schadlow, a deputy national security adviser during Trump’s first term, explains how the U.S.-Israel war with Iran fits in with an “America first” agenda....

10/03/2026 14:56 New York Times

Trump Has No Idea How to End the War With Iran

Only when the U.S.-Israeli bombing of Iran comes to a halt, without destroying the state, can the Iranian people sort out their fate....

10/03/2026 13:59 New York Times

Trump Zigzags on When War Will End, and Investigators Search Epstein’s Ranch in New Mexico

Plus, space mirrors?...

10/03/2026 10:00 New York Times

BREAKING NEWS

12/03 15:54 - France 'not sending any vessels to the Strait of Hormuz', Defence Minister Vautrin says 12/03 15:45 - Trump claims surging oil prices benefit US as Pentagon reportedly tells lawmakers Iran war cost $11.3bn in first week – live 12/03 15:44 - Dismay as ancient heritage sites across Iran damaged in US-Israel bombing 12/03 15:44 - PM says Mandelson appointment was mistake as No 10 denies cover-up 12/03 15:35 - War in the Middle East: 'A sense of normality' back in Israel 12/03 15:33 - US targets Iran mine-laying as war causes oil market havoc 12/03 15:31 - Novelist Dinaw Mengestu on the battle for freedom of expression 12/03 15:00 - Putin’s ‘hidden hand’ lies behind Iran’s drone tactics, UK defence secretary says 12/03 14:57 - War With Iran Puts Further Strain on America’s Pessimistic Farmers 12/03 14:45 - Italy’s Meloni breaks with Trump over Iran war 12/03 14:28 - Putin's 'hidden hand' likely helping Iran against Trump, says UK minister 12/03 14:22 - Two votes, two standards: UN resolutions on Iran war underscores diplomatic dilemmas 12/03 14:18 - Bunker-busting bombs loaded onto US planes at UK airbase amid Iran war 12/03 14:18 - Bunker-busting bombs loaded onto US planes at UK airbase amid Iran war 12/03 14:11 - Iran War Causing Largest Ever Oil Disruption, I.E.A. Says 12/03 14:08 - Drug use on Ukraine’s front lines ‘rampant among Russian troops’ 12/03 14:08 - Drug use on Ukraine’s front lines ‘rampant among Russian troops’ 12/03 14:07 - Israel pounds Lebanon: Grieving border village calls for peace 12/03 14:05 - Why Does Oil Matter So Much to the Global Economy? 12/03 14:03 - Israel army says Hezbollah fired 200 rockets in 'biggest barrage' of war 12/03 14:00 - Venice Biennale risks losing EU funding over planned Russia involvement 12/03 14:00 - Iraqi official urges Australia to take back alleged IS fighters during meeting with ambassador 12/03 13:59 - Caught in the crossfire: US-Israel war on Iran fractures Gulf economies 12/03 13:59 - Caught in the crossfire: US-Israel war on Iran fractures Gulf economies 12/03 13:57 - How Iran war laid bare the world's reliance on Gulf oil and gas 12/03 13:55 - Can Iran’s asymmetric warfare hold US-Israeli military power at bay? 12/03 13:55 - Can Iran’s asymmetric warfare hold US-Israeli military power at bay? 12/03 13:55 - How Iran’s attacks on Gulf energy sites are shaping decision making in Washington 12/03 13:53 - Iran’s Mojtaba Khamenei issues first statement as Supreme Leader amid war 12/03 13:53 - Iran’s Mojtaba Khamenei issues first statement as Supreme Leader amid war 12/03 13:51 - How corporations have collaborated with US military over the decades 12/03 13:51 - How corporations have collaborated with US military over the decades 12/03 13:43 - Unexplained Moscow internet blackouts spark fears of web censorship plan 12/03 13:35 - Jimmy Kimmel Addresses the Notion of a Drone Strike on California 12/03 13:10 - ‘He Seems Really Bad at Getting Advice’: 3 Opinion Writers on Trump and Iran 12/03 13:06 - Ireland’s deputy PM warns of ‘near-existential moment’ for EU amid global turmoil 12/03 12:49 - 'What if we're left with ruins?': Doubts creep in for Iranians who supported war 12/03 12:24 - Weather warnings issued as colder weather and mountain snow forecast 12/03 12:22 - Iran's new Supreme Leader Mojtaba Khamenei has 'very good links with the IRGC' 12/03 12:21 - Iran escalates attacks on infrastructure and transport networks across the Gulf | First Thing 12/03 12:18 - AI scams drove UK reports of fraud to record 444,000 last year 12/03 12:11 - Iran war reality check: Why the US miscalculated Tehran’s political resilience 12/03 12:10 - Shell CEO’s pay jumps 60% despite slump in profits at oil company 12/03 12:00 - Colon cancer now leading cause of cancer deaths under 50 in US 12/03 11:43 - Oil price tops $100 again as Iran strikes economic targets across Middle East 12/03 11:09 - Washington tracking if Iran has activated 'sleeper cells' on US soil 12/03 11:09 - The war of signals: How Russia and China help Iran see the battlefield 12/03 11:09 - The war of signals: How Russia and China help Iran see the battlefield 12/03 11:06 - Mojtaba Khamenei as Iran's new Supreme Leader signals continuity to international community 12/03 11:05 - Middle East war: Oil tankers set ablaze in the Gulf in latest Iranian attacks 12/03 11:02 - Ground Down by War, Hezbollah’s Loyal Base Shows Cracks 12/03 10:59 - On the ground: Iran attacks Gulf infrastructures 12/03 10:54 - Pete Hegseth’s Rhetoric of Violence 12/03 10:44 - Strait of Hormuz: Iran’s attacks on shipping worsen economic concerns 12/03 10:43 - IEA announces record oil stockpile release over Iran supply disruptions 12/03 10:41 - War in the Middle East: Iran attacks Gulf energy targets 12/03 10:38 - Software on the front line: How a Florida tech firm is playing a key role in Iran war 12/03 10:32 - How the Iran war may affect your money and bills 12/03 10:28 - Humanitarian crisis in Lebanon: Displaced families face despair 12/03 10:23 - Ukraine strikes Russian electronics plant that builds missile components 12/03 10:20 - What role has cyber warfare played in Iran? 12/03 10:15 - Trump says Iran war is ‘very complete, pretty much’ as economic toll rises | First Thing 12/03 10:12 - We attacked Iran with no clear plan for regime change, Israeli security sources say 12/03 10:07 - 'Fingers on the trigger': Deadly warnings for Iranians being urged to take action 12/03 10:00 - The $11 Billion Cost for One Week of War, and a New ‘Millionaires’ Tax’ 12/03 10:00 - ‘America’s mortal enemy’: Pete Hegseth expressed extreme antipathy toward Iran for years 12/03 09:03 - War in Ukraine spills into Hungarian election campaign 12/03 09:03 - How Hegseth Came to See Moral Purpose in War as Weakness 12/03 09:02 - How Russia’s Scorched-Earth Attacks Put Ukraine’s Power Grid Near Collapse 12/03 09:00 - News24 | Trump administration spent $11.3bn in first few days of Iran war, may ask for more cash 12/03 08:33 - ‘We know where he lives, where he sleeps’: Ex-Ukrainian general threatens Orban 12/03 08:33 - Hungary’s Orbán claims Ukrainians ‘threatened’ his family as election campaign ramps up 12/03 08:30 - Iran war: What is happening on day 13 of US-Israel attacks? 12/03 08:30 - Iran war: What is happening on day 13 of US-Israel attacks? 12/03 08:12 - France walks ‘fine line’ as US-Israel war on Iran escalates 12/03 08:12 - France walks ‘fine line’ as US-Israel war on Iran escalates 12/03 08:09 - Analysis: The war on Iran is at a crossroads 12/03 08:09 - Analysis: The war on Iran is at a crossroads 12/03 07:53 - ‘A US military victory in Iran without a political one is not a victory’ 12/03 07:53 - ‘A US military victory in Iran without a political one is not a victory’ 12/03 07:50 - US war on Iran: 'An American war in desperate search of a strategy', expert says 12/03 07:42 - In the US-Israeli war on Iran, who will run out of missiles first? 12/03 07:42 - In the US-Israeli war on Iran, who will run out of missiles first? 12/03 07:35 - 'European Union needs a bit of a revolution: There is no European strategy or foreign policy' 12/03 07:35 - FBI warns of ‘Iranian drone threat’ to California 12/03 07:13 - Trump admin estimates US war on Iran cost $11.3bn in first 6 days: Report 12/03 07:13 - Trump admin estimates US war on Iran cost $11.3bn in first 6 days: Report 12/03 07:00 - ‘I have never seen anything like it’: MP warns of rise in extreme views on race and identity 12/03 06:57 - Thursday briefing: What an Iran negotiator thinks could happen next – and why Trump still has an off-ramp 12/03 06:19 - More airlines hike flight prices as Iran war continues to disrupt oil supply 12/03 06:01 - China approves 'ethnic unity' law condemned by rights groups 12/03 06:00 - Gordon Brown calls for international criminal court for crimes against children 12/03 06:00 - ‘Invasive’ AI-led mass surveillance in Africa violating freedoms, warn experts 12/03 06:00 - Proposed law change will protect abusive men who push women to suicide, campaigners warn 12/03 05:49 - The Papers: 'Starmer did ignore Epstein warnings' and 'Record oil release' 12/03 05:08 - Middle East crisis live: Iran steps up attacks on ports, tankers and oil terminals in campaign to disrupt energy markets 12/03 05:00 - European drivers face €220 a year jump in fuel costs due to Iran conflict, say experts 12/03 05:00 - MPs launch student loans inquiry amid ‘perfect storm’ for young people in UK 12/03 04:35 - There is only one person’ who can decide to end the war on Iran 12/03 04:35 - There is only one person’ who can decide to end the war on Iran