Kathmandu. The war between the United States and Iran continues. Global tensions due to the war in the Middle East are high, and its negative effects are being felt around the world.
Now America itself is caught in it. Oil and gas are facing a crisis. Inflation due to the Iran war has increased Donald Trump’s tensions. The situation is such that the price of petrol has increased in the US and everything from e-commerce delivery platforms to airlines has suffered a huge price shock. Apart from this, the postal service is also going to be expensive.
Many experts have warned about the negative impact of the Iran war. They say it’s a global market and the U.S. can’t get away with it. Rising oil prices increase transportation costs. Which is sure to lead to inflation.
The United States is in the grip of inflation{
}
According to the PTI report, the war against Iran is now affecting Americans as well. Amazon has announced a fuel surcharge on its e-commerce delivery. However, some airlines have increased check-in baggage charges to offset rising fuel prices.
In the United States, the average price of gasoline and diesel is $4.09 per gallon. That’s more than $1 per gallon of the price of the price just before the start of the U.S. war with Iran. This is the highest level since August 2022.
According to the American Automobile Association (AAA), the price of diesel has also increased significantly in the US. It was $3.64 a gallon a year ago. That’s up to $5.53 a gallon.
Diesel is widely used in agriculture, construction and transportation, as well as in other industries. This increase in prices makes essential commodities and daily essentials more expensive due to increased transportation costs. E-commerce giant Amazon has announced a 3.5% fuel surcharge on third-party sellers from April 17. In addition, the U.S. Postal Service says it is considering temporarily imposing an 8% fuel surcharge on packages and express mail deliveries to address rising transportation costs. “If approved by the Postal Regulatory Commission, the surcharge will go into effect on April 26 and will continue through January 17, 2027,” the postal service said in a notice on its website. ’
If the war against Iran goes on for too long, it could severely disrupt supply chains in the United States.
“I don’t think the United States is going to get away with it,” Rachel Ziemba, a New York-based analyst who is an adviser on geopolitical risk, told The Washington Post in an exclusive interview. It’s a global market. Experts were worried a week ago, but now they’re even more worried. ’
“If transportation costs start going up, it’s going to affect other prices,” Federal Reserve Bank of Chicago President Ashton Gulsby told CBS. So I think the impact will start to be felt in the coming days, if not immediately. Consumers will have to bear the brunt of this. ’
Terror from Asia to Europe
The global economy has already lost billions of barrels of oil since the Strait of Hormuz closed amid the US-Iran war. The Washington Post quoted commodity experts at JPMorgan as saying that Asia was the first to suffer from a lack of oil shipments from the Gulf. As a result, governments were forced to implement rationing and other energy-saving measures. By mid-April, Europe’s oil shortages are expected to be severe. —Agency
