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1 hour ago

Amazon adds seller surcharge as oil spike from Iran tensions drives logistics costs higher

Amazon will impose new fees later this month on third-party sellers as rising oil prices tied to the ongoing war with Iran ripple through the U.S. economy, a shift that could ultimately push costs onto consumers.The company said it will begin charging a 3.5% "fuel and logistics-related surcharge" on sellers who use its fulfillment services starting April 17 in the U.S. and Canada, citing higher transportation and shipping expenses.The move follows a sharp rise in oil prices, which are increasing costs across global supply chains. West Texas Intermediate crude topped $111 on Friday, while globa...

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