Amazon to add 3.5% fuel and logistics surcharge for sellers as Iran war drives up energy prices

In response to escalating energy prices due to the ongoing conflict in Iran, Amazon has announced a 3.5% surcharge on fees for third-party sellers utilizing its fulfillment services. This change will take effect on April 17 for sellers operating in the U.S. and Canada. The company communicated this update in a notice to sellers that was obtained by CNBC. Amazon explained that the decision comes as a result of heightened costs associated with fulfillment and logistics, which have impacted the entire industry. "We have absorbed these increased costs so far," the company stated, acknowledging that other major carriers have also implemented similar temporary surcharges to recover part of their cost increases. Ashley Vanicek, a spokesperson for Amazon, emphasized that this surcharge is significantly lower compared to those imposed by other leading carriers. She reaffirmed Amazon's commitment to supporting their sellers while ensuring a wide range of products and competitive prices for customers. The announcement coincides with a notable spike in oil prices, as investors express concerns over the potential disruption of crude shipments through the strategically significant Strait of Hormuz. On Thursday, Brent crude oil futures surged over 6%, reaching $107.35 per barrel, reflecting the market's reaction to the unfolding situation in the Middle East.