Trump Says U.S.-Iran Deal Is Complete, Sending Oil Lower and Raising Hopes for USVI Fuel Relief

President Donald Trump said Sunday that the United States and Iran have reached a deal to halt their war and reopen the Strait of Hormuz, sending oil prices sharply lower and raising the possibility of relief from fuel-market pressure that has impacted the U.S. Virgin Islands through ferry fares, WAPA’s fuel-cost outlook, shipping charges, gasoline prices and imported consumer goods. The U.S. and Iranian officials said they had agreed on a peace framework to end the conflict, halt the U.S. blockade of Iran and reopen the Strait of Hormuz. The agreement is expected to be signed Friday in Switzerland, though the precise terms were not immediately known. “The Deal with the Islamic Republic of Iran is now complete,” Trump wrote on Truth Social. Pakistan Prime Minister Shehbaz Sharif, whose country served as a mediator, also announced that a deal had been reached. Trump said the Strait of Hormuz, one of the world’s most important energy shipping lanes, would reopen Friday and that he had...