US-Iran deal may not bring quick relief for auto shops
Key takeaways
- Add ARY News on Google AAResize Tokyo auto shops and Detroit car dealerships have been running short of motor oil, paint and other products for months since the Middle East conflict snarled global supply chains.
- Closure of the strait has blocked almost a fifth of global oil flows and led to bottlenecks for some petroleum-derived products.
- One of the most popular colours for cars in Japan is “pearl white”, a lustrous finish made by mixing white paint with a liquid gloss.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize Tokyo auto shops and Detroit car dealerships have been running short of motor oil, paint and other products for months since the Middle East conflict snarled global supply chains.
Now, while a potential deal between the U.S. and Iran may bring an end to the fighting, industry experts and executives say it is unlikely to deliver immediate relief to the smaller shops that have been squeezed by Tehran’s shutdown of the Strait of Hormuz. Closure of the strait has blocked almost a fifth of global oil flows and led to bottlenecks for some petroleum-derived products.
One of the most popular colours for cars in Japan is “pearl white”, a lustrous finish made by mixing white paint with a liquid gloss. For Fuchu Car, a repair shop in suburban Tokyo, supplies of both the white paint and the pearl finish have become especially tight, even as other colours remain available.