economy
March 6, 2026
Toyota, Hyundai and Chinese automakers expected to be most impacted by Iran war
While regional sales will be impacted, the closing of the Strait of Hormuz and rising oil prices will have ripple effects across the global automotive industry.
TL;DR
- Toyota, Hyundai, and Chinese automakers (Chery) are identified as most vulnerable to the U.S.-Israel war with Iran.
- These international automakers account for approximately one-third of Middle East sales.
- A closure of the Strait of Hormuz could add 10-14 days to transit times, increasing logistics costs and delaying deliveries.
- Rising oil prices and potential disruption to the Strait of Hormuz will impact the global automotive industry.
- Stellantis, parent of Chrysler and Jeep, has the largest exposure among European automakers due to its current issues and reliance on HEMI V8 engines.
- U.S. crude oil prices have exceeded $90 per barrel, and gasoline prices have risen significantly.
- Toyota stated it does not conduct business in Iran.
- The Middle East is a growing export destination for Chinese automakers.
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