Auto Industry Warns of Motor Oil Shortages Due to Iran War Disruptions
The automotive industry is preparing for potential motor oil shortages and price increases due to supply chain disruptions caused by the ongoing conflict involving Iran and the closure of the Strait of Hormuz, according to a report. The Independent Lubricant Manufacturers Association (ILMA) has issued warnings about an imminent shortage.
Topics: geopolitical tensions motor oil price hikes shortages