Reopening Hormuz won’t instantly refill depleted auto supply chains. Nissan’s oil rationing at dealerships now looks like early warning signs. Paint products and synthetic lubricants could remain tight through 2027. When Donald Trump this week announced a preliminary agreement with Iran that could reopen the Strait of Hormuz and end months of disruption, it sounded like good news for anyone worried about fuel prices. But for the wider auto indus…
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