The US in May extended Iraq's sanctions waiver for 120 days to import Iranian electricity,

"26% of the electricity produced in the EU comes from nuclear energy and it remains the largest source of low-carbon electricity. However, 50% of the EU’s electricity mix is still based on historic CO2-emitting fossil fuel technologies and these must be replaced by new low-carbon sources as the EU transitions to a carbon neutral economy by 2050.

The US intends to increase competitiveness in new markets as it attempts to regain its position as a leader in nuclear technology

The 2030 target will become for the electricity sector to secure 70% from renewable energy. This will be coupled with energy efficiency measures reducing consumption by at least 35% over the same period.

Israel's government proposed to invest ILS6.5bn (US$1.9bn) to instal of 2 GW of additional solar power capacity.

In 2017, Peru set a target of 100% rural electrification by 2021, requiring new transmission lines.

Brent were up 59 cents, or 1.5%, at $40.16 a barrel, WTI gained 80 cents, or 2.2%, to $37.61.

The MSCI world equity index, which tracks shares in 49 countries, rose to its highest since March 6, having gained throughout the Asian session.

The Dow Jones Industrial Average rose 267.63 points, or 1.05%, to 25,742.65, the S&P 500 gained 25.09 points, or 0.82%, to 3,080.82 and the Nasdaq Composite added 56.33 points, or 0.59%, to 9,608.38.

The pan-European STOXX 600 rose 1%