Oil price spikes are driving up logistics costs, leading to express delivery companies raising their prices.

The U.S.-Iran conflict continues to impact the global transportation system. With tension in the Strait of Hormuz, which accounts for 20% of global oil trade, international oil prices have reached $100 per barrel. This has led to the sixth round of domestic oil price adjustments this year, returning to the "9 yuan era" at midnight on March 23. Market expectations are for further increases in oil prices. The surge in oil prices has driven up logistics transportation costs, coupled with continued efforts in the express delivery industry to curb "negative internal competition." Express delivery prices have been adjusted one after another this year, with price increases becoming almost a necessity for all express delivery companies. On March 23, the same day as the sixth round of domestic oil price adjustments this year, major express delivery companies including ZTO, YTO, STO, Yunda, and Jitu jointly announced price adjustments. Guizhou province became the first province to complete the adjustment after the oil price adjustment.