Toyota, Hyundai and Chinese automakers expected to be most impacted by Iran war

Toyota, Hyundai, and Chery face major risks from the U.S.-Israel war with Iran. These automakers account for one-third of Middle Eastern sales, with Toyota leading at 17%. The conflict threatens shipments and sales in a crucial market.

The closure of the Strait of Hormuz could delay shipments by 10-14 days, raising logistics costs and hurting sales. Rising oil prices are already affecting the automotive industry, with U.S. crude surpassing $80 per barrel.

As tensions escalate, automakers like Stellantis are monitoring the situation closely. The impact on Japanese firms seems limited for now, but ongoing developments could change the landscape significantly.