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May 11th, 2026
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.

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