economy

U.S. Postal Service seeks 8% fuel surcharge for package deliveries as Iran war raises oil prices

Oil prices have jumped more than 40% since Feb. 28, when the U.S. and Israel attacked Iran.

U.S. Postal Service seeks 8% fuel surcharge for package deliveries as Iran war raises oil prices

TL;DR

  • U.S. Postal Service is proposing an 8% fuel surcharge for package and express mail.
  • The surcharge aims to offset rising transportation costs due to higher oil prices linked to the Iran war.
  • If approved by the Postal Regulatory Commission, it would be effective April 26 and last until January 17, 2027.
  • The surcharge will apply to Priority Mail Express, Priority Mail, USPS Ground Advantage, and Parcel Select.
  • First-Class stamps and other mail services will not be affected.
  • Oil prices have increased by over 40% since February 28, following attacks on Iran by the U.S. and Israel.

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