Iran War Drives Up Fuel Costs, Boosts Iran's Oil Revenue
The U.S.P.S. plans an 8% surcharge to offset rising transportation costs amid the Iran War, while Iran is reportedly earning $139 million daily from oil as the Hormuz crisis locks out rivals and drives up prices.
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U.S.P.S. Plans to Impose 8% Surcharge to Offset Rising Transportation Costs Amid Iran War
The temporary price increase, which would take effect on April 26, comes amid a spike in fuel prices tied to the war in Iran.
By Madeleine Ngo
Read full article →Iran Earning $139 Million A Day From Oil As Hormuz Crisis Locks Out Rivals
Iran Earning $139 Million A Day From Oil As Hormuz Crisis Locks Out Rivals By Charles Kennedy of OilPrice Iran’s oil exports have not collapsed and are fetching much higher prices than before the war, handing Tehran handsome extra revenues from its crude, which is the only one unimpeded from transiting the Strait of Hormuz. Unlike all other Gulf producers, Iran is passing its oil through the Strait of Hormuz and its export volumes remain resilient. Steady volumes and higher pric...
By Tyler Durden
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