IMC Logistics Fuel Advisory

The conflict in Iran is introducing meaningful volatility into global oil markets. Our priority is to keep you informed on what we are seeing and our response.

What’s Happening?

The ongoing conflict in Iran is creating significant pressure on global oil markets. Uncertainty in the region has caused markets to price at a meaningful risk premium with analysts warning that extended conflict could drive the benchmark crude above $100 per barrel. We are also closely monitoring the Strait of Hormuz, one of the world’s most critical energy chokepoints. The disruption to shipping lanes through the Strait may trigger rapid and unpredictable swings in fuel costs.

How This Affects Drivers

These fuel increases are happening fast — and right now, they are hitting driver partners first. They are at the front lines of servicing your business and must be kept financially whole. It’s critical that we shield them from the worst of these fluctuations. 

How We are Responding  

For now, we are monitoring fuel disruptions on a daily basis. It’s our goal to provide clear communication to our customers as conditions evolve. Should these conditions persist, we must make adjustments to fuel surcharge rates or introduce a fuel recovery charge to help us offset the impact.  

Thank you for your understanding as we navigate this together. Please reach out to your IMC representative with any questions or concerns.

Thank you for your continued trust and partnership.