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What a $100-Per-Barrel Oil Spike Does to the Global Economy | Big Take
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March 10, 2026
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19:36Now PlayingAfter oil soared to nearly $120 per barrel on Sunday, President Donald Trump began to signal that the US had already achieved victory in Iran and could wind down the conflict soon. There was an immediate drop in oil prices — and the entire global economy seemed to sigh in relief.
On today’s Big Take podcast, Stacey Vanek Smith and Bloomberg Opinion’s Javier Blas discuss why the global economy is so sensitive to oil price spikes and how oil prices are ratcheting up both domestic and international pressure on Trump.
Read more:
Higher Gas Prices Hit Americans Already Hurting From Inflation ()
This Isn’t an Energy Crisis at Least Not Yet ()
Hosted by Stacey Vanek Smith; Produced by David Fox; Reported by Stacey Vanek Smith; Edited by Naomi Shavin.
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What a $100-Per-Barrel Oil Spike Does to the Global Economy
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