Energy Giant Shell Inks Oil Deal With Iran

Royal Dutch Shell has signed a provisional agreement to develop oil and gas fields in Iran, a move that could signal energy companies will not be deterred from doing business with the Islamic Republic despite uncertainty whether a Trump administration will scrap a nuclear deal agreed to by world powers. A spokesman for Shell said a memorandum of agreement was signed Wednesday with the National Iranian Oil Co. "to further explore areas of potential cooperation." The agreement is nonbinding and involves the development of Iran's oil fields in South Azadegan and Yadavaran and the Kish gas field.