President Donald Trump said this week that the ceasefire between the United States and Iran is effectively over. What does that mean for the world's energy markets and, by extension, consumers' wallets? Could renewed tensions reshape the political landscape with the midterm elections approaching? POLITICO's James Bikales breaks down the economic and political consequences of the latest escalation. Plus, the Energy Department announced this week that it finalized a $3 billion loan to help support Texas’ power grid, and Meta announced that it is investing $10 billion to construct its first data center in Canada.

James Bikales is an oil and gas reporter for POLITICO.

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

Yi-Jo Shen is a freelance video producer for POLITICO.

Matt Daily is the energy editor for POLITICO.

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

Veronica Tejera is the deputy head of Audio/Video at POLITICO.

Our theme music is by Pran Bandi.

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