The article explores how changes in international oil prices impact the economy and different industries. By using a special model, the researchers studied the effects of oil price shocks on economic dynamics. They found that oil supply and specific demand shocks can reduce oil production and economic output in the short term. However, aggregate demand shocks can increase economic output by raising oil prices. Energy-intensive industries are less affected by these shocks due to government support. Overall, specific demand shocks have a bigger impact on industrial output than supply and demand shocks. The findings suggest that diversifying oil reserves and managing energy market risks are important for national security.