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The war in Iran has hammered global oil markets, with gas prices in the U.S. spiking significantly<\/a>. Amid the rise in transportation costs, Amazon has instituted a new 3.5% fuel surcharge for sellers that use its distribution network. The policy has the potential to inflict significant new costs on the untold merchants that rely on the e-commerce giant to sell their products.<\/p>\n Amazon told TechCrunch that the surcharge would be in place for the foreseeable future, although the company said it will continue to evaluate a potential policy shift as market conditions evolve. The news was originally reported<\/a> by Bloomberg.<\/p>\n \u201cElevated costs in fuel and logistics have increased the cost of operating across the industry,\u201d a spokesperson said. \u201cWe have absorbed these increases so far, but similar to other major carriers, when costs remain elevated we implement temporary surcharges to partially recover these costs.\u201d The spokesperson added that the surcharge was \u201cmeaningfully lower than surcharges applied by other major carriers.\u201d<\/p>\n The new policy will take effect on April 17 and will impact sellers who use the company\u2019s Fulfillment by Amazon service<\/a>, Bloomberg writes. Fulfillment by Amazon, commonly known as FBA, allows companies to send their products to Amazon\u2019s warehouses, where they are packed and shipped to buyers. Amazon doesn\u2019t disclose how many merchants use FBA, but the program underpins the vast majority of third-party sales on its platform.<\/p>\n Amazon first instituted this type of surcharge<\/a> in 2022 \u2014 which, not so coincidentally, was the last time crude oil traded over $100 a barrel<\/a>. What was happening in 2022? Russia had just invaded Ukraine, sending energy markets haywire<\/a>. Today, the war in Iran \u2014 spurred by the Trump administration and the Israeli government\u2019s assassination of<\/a> the nation\u2019s Supreme Leader \u2014 has similarly rocked markets.<\/p>\n Iran is strategically located along the northern border of the Strait of Hormuz \u2014 a narrow but critical shipping lane for global oil supplies through which roughly 20% of the world\u2019s oil supply passes \u2014 and the country has sought to block shipping lanes there<\/a>, a move that has majorly impacted<\/a> energy prices throughout the world.<\/p>\n Techcrunch event<\/p>\n