Engine trouble ahead? How the Strait of Hormuz standoff threatens luxury auto giants

The ongoing Iran-related Strait of Hormuz crisis is causing a global shortage of base oils, raising concerns about the depletion of stocks for luxury car lubricants. Group III base oils are crucial for maintaining the performance of supercars, and prices have soared due to the conflict. The instability in the industrial fluid supply chain is expected to put pressure on the US base oil market until at least 2027.