The escalating conflict in the Middle East after the United States and Israel attacked Iran over the weekend is driving up energy prices and rattling global markets. POLITICO’s James Bikales unpacks the immediate market reaction, the Trump administration’s next steps, the potential impact on domestic and global energy prices moving forward, and how lawmakers in both parties are responding. Plus, President Donald Trump is expected to host a White House event today with tech companies to lay out an agreement that’s designed to protect consumers from rising electricity costs, and the Senate Environment and Public Works Committee plans to vote today on Douglas Weaver to remain on the Nuclear Regulatory Commission.

James Bikales is an oil and gas reporter for POLITICO.

Stefan Todorovic is the video producer of POLITICO Energy.

Nirmal Mulaikal is the co-host and executive producer of POLITICO Energy.

Matt Daily is the energy editor for POLITICO.

Cyril Zaneski is executive editor of POLITICO’s E&E News.

Debra Kahn is the editorial director for energy and environmental coverage at POLITICO.

Our theme music is by Pran Bandi.

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