The Trump-Big Oil alliance is getting complicated

The oil industry received some welcome news this week as the United States and Iran agreed to a temporary ceasefire, raising hopes for greater certainty around shipping through the Strait of Hormuz. But President Donald Trump also directed the Justice Department to investigate major oil companies over alleged price gouging. POLITICO's James Bikales breaks down how the Trump–Big Oil alliance is getting more complicated. Plus, a powerful House Democrat called for Congress to impose a nationwide data center moratorium, and the Trump administration said it would provide $17.5 billion in loans to help speed the construction of up to 10 new large nuclear reactors. 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. Follow the show on Apple, Spotify, Youtube and Instagram. Follow POLITICO here: ➤ X: https://x.com/politico/ ➤ Instagram: / politico ➤ Facebook: / politico For more reporting 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