US-Iran deal signed, but fuel prices stay high

The US and Iran have signed a memorandum of understanding to end their war, with Trump announcing the agreement was executed electronically and the US lifting its naval blockade of the Strait of Hormuz. Backlash is growing in Israel as Iranian vessels resume passage through the strait, and analysts warn fuel prices will take months to normalize as producers ramp up output and port bottlenecks persist. The Trump administration is also weighing a $300 billion incentive fund tied to Tehran's compliance with the deal's terms.