Iran ceasefire: What Trump’s deal means for gas prices

For months, America’s war with Iran has been slowly suffocating the global economy.

In March, Iran closed the Strait of Hormuz — the narrow waterway that links the Persian Gulf’s oil reserves to global markets. As a result, energy prices steadily rose while stock markets and growth forecasts fell. Analysts started warning that, if the Strait did not reopen soon, the global economy could