The Iran War Is Going to Make Your Car's Oil Change More Pricey As tensions escalate in the Middle East, investors are bracing for the impact on global markets.
Beyond oil prices, stock portfolios, and economic growth, there's another consequence: your car's maintenance costs will rise. US sanctions on Iran have disrupted global supply chains.
Iran is a significant supplier of heavy crude oil, used in gasoline and industrial applications. With Iranian oil off limits due to US embargoes, buyers are seeking alternative sources.