Fuel Surcharges

Earlier this week, Atlanta-based global freight transportation and logistics services provider UPS announced it is increasing fuel surcharges for various service offerings, including UPS Ground Domestic, UPS SurePost, and UPS Domestic Air

According to Goldman Sachs, prior to the Israeli attacks, Iran had raised its oil production by around 500,000 barrels a day. Goldman Sachs estimated for every 100,000 barrel a day decline in Iran’s production next year, Brent crude oil prices would rise by about $1 per barrel.