The war between Israel and the Palestinian group Hamas poses a major geopolitical risk for the world’s energy markets and could send global fuel prices soaring if the conflict expands across the Middle East. POLITICO’s Matt Daily breaks down how the war could impact global energy and the Biden administration. Plus, Washington’s top trade official conceded that the United States and European Union may not meet their end-of-October deadline to reach a deal on green steel and aluminum.

For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch

And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro:

https://subscriber.politicopro.com/newsletter-archive/morning-energy

Catherine Morehouse is an energy reporter for POLITICO and the host of the POLITICO Energy podcast.

Nirmal Mulaikal is a POLITICO audio host-producer.

Kara Tabor is an audio producer for POLITICO.

Gloria Gonzalez is the deputy energy editor for POLITICO.

Matt Daily is the energy editor for POLITICO.

Learn more about your ad choices. Visit megaphone.fm/adchoices

What will the Israel-Hamas war mean for world energy markets?