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Strait of Hormuz: A base oils shortage threatens luxury auto giants

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Ferrari SF90 XX Spider limited edition plug in hybrid supercar parked on the pavement as a red Ferrari passes on Bond Street on 4th January 2026 in London, United Kingdom.

Mike Kemp | In Pictures | Getty Images

A global base oils shortage is starting to filter through to drivers of luxury cars, with analysts and industry groups warning that stocks could soon run dry if the Iran war drags on.

Ongoing disruption through the strategically vital Strait of Hormuz has triggered what the International Energy Agency has described as “the biggest…

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