US to pay Total $1bn to switch from wind to oil and gas development
Deal comes as Donald Trump faces pressure to limit energy price increases triggered by Iran war
Deal comes as Donald Trump faces pressure to limit energy price increases triggered by Iran war

Donald Trump’s Iran war has made fossil fuels expensive and unreliable

Donald Trump continues to play up prospect of deal with Iran, saying they are ‘talking sense’ in negotiations with the US

Turmoil in oil and gas markets is pushing governments to seek alternatives

Hormuz closure prompts surge in buying from Asia and Europe

Member states’ spending on US oil and gas fell 7 per cent over the past four months

Iran is reviewing a Washington-backed peace proposal while Trump says conflict will end if both sides strike agreement