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USVI experiencing higher fuel, shipping & living costs as US-Iran impasse prolongs
VI CONSORTIUM
CHARLOTTE AMALIE, St Thomas, USVI- Oil prices climbed Monday, May 11, 2026, after President Donald J. Trump rejected Iran’s response to a US peace proposal, raising fears that the war will continue to restrict shipping through the Strait of Hormuz and keep global energy markets under pressure.
Premier Wheatley mobilises key stakeholders in response to US tariff threat
ROAD TOWN, Tortola, VI– Premier and Minister of Finance, Dr the Honourable Natalio D. Wheatley (R7), on April 7, 2025, convened urgent high-level discussions with major industry stakeholders in a move to protect the Virgin Islands' economy from the ripple effects of newly-imposed tariffs by the United States Government.
Premier forecasts positive GDP impacts from AA’s Miami to VI service
ROAD TOWN, Tortola, VI – Virgin Islands Premier and Minister of Finance, Dr the Hon Natalio D. Wheatley (R7) is predicting positive impacts to the territory’s GDP as a result of direct flights from Miami to the Virgin Islands to commence on June 1, 2023, by American Airlines (AA).
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