The US Postal Service announced an eight percent price increase on several package delivery categories starting April 26 to mitigate surging transportation expenses.Postmaster General David Steiner warned Congress that the agency faces potential insolvency within one year without immediate financial reforms and borrowing cap adjustments.This temporary surcharge, scheduled to last until January 17, targets Priority Mail and Ground Advantage while leaving standard First-Class stamps unaffected.Officials attributed the rising operational costs to global oil price spikes following geopolitical tensions involving Iran and disruptions near the Strait of Hormuz.