Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
The US-Iran agreement cannot ease the urgent issue of car repairs, and the engine oil shortage is expected to continue.

The US-Iran agreement cannot ease the urgent issue of car repairs, and the engine oil shortage is expected to continue.

汇通财经汇通财经2026/06/16 07:15
Show original
1. Although the US and Iran have reached a peace agreement, it will still take time for normal shipping through the Strait of Hormuz to resume. Industry experts and business executives point out that the agreement cannot immediately alleviate the shortage problems faced by the repair sector due to months of supply chain disruptions—especially in the supply of engine oil, paint, and other automotive maintenance products.2. In Tokyo, Hiroyuki Nakamura, a director at the auto repair company Shin Etsu Denso, said he has been dealing with engine oil shortages for the past few months, a predicament he has never encountered in his 35 years in the repair industry. Restricted by strict storage regulations, companies find it difficult to stockpile in large quantities. Last month, Suzuki also suspended acceptance of new reservations for engine oil and brake oil replacements at some dealerships due to supply delays.3. The US market is facing similar pressure. The conflict in the Middle East has disrupted the supply of raw materials for paint and lubricants, and the Independent Lubricant Manufacturers Association noted that prices have increased as a result, with relief unlikely before mid-2027. Nissan has already started implementing engine oil rationing measures to ensure stable supply to dealerships and is actively seeking alternative sources.4. US President Trump said on Monday that the two countries have signed a preliminary agreement to end the war, but the specific details remain unclear, and it will still take time for transportation through the Strait of Hormuz to return to normal. Industry insiders expect that the supply chain will take time to fully recover, and in the short term, the supply shortages in the automotive repair sector are unlikely to be quickly resolved.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

VWO ETF Closes Flat

This article was automatically generated using Dow Jones technology. Shares of Vanguard FTSE Emerging Markets ETF were flat at $60.62 Tuesday on what proved to be an overall favorable trading session for the U.S. stock market, with the S&P 500 Index rising 0.6% to 7,818.93. This was the fund's third consecutive day of gains. The ETF's shares closed 1.5% below the 52-week high of $61.53 seen on September 4, 2026. Trading volume was 4,661,177, compared to the 65-day average trading volume of 7,016,590. As of October 5, the fund's net asset value totaled $60.76 per share. Data source: Dow Jones Market Data, FactSet (END) Dow Jones Newswires October 06, 2026 16:37 ET (20:37 GMT)

Dow Jones•2026/10/06 20:37

Novavax Inc. Stock Slides 9.9%, Underperforms Peers

This article was automatically generated by Dow Jones using technology from Automated Insights. Shares of Novavax Inc. shed 9.9% to $11.32 on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 0.4% to 27,599.79 and the Dow Jones Industrial Average rising 0.5% to 51,521.28. Novavax Inc. closed 15.4% below its 52-week high of $13.39, which the company achieved on October 5th. The stock underperformed when compared to some of its peers, as Johnson & Johnson rose 0.7% to $254.78, Pfizer Inc. rose 0.3% to $27.50, and Merck & Co. Inc. rose 1.72% to $141.94. Trading volume totaled 19.3 million, compared to the 50-day average of 5.3 million. Data source: Dow Jones Market Data, FactSet (END) Dow Jones Newswires October 06, 2026 16:33 ET (20:33 GMT)

Dow Jones•2026/10/06 20:33
Novavax Inc. Stock Slides 9.9%, Underperforms Peers

Evogene announces special shareholder meeting

Evogene will hold a special general meeting of shareholders in Rehovot, Israel on Nov. 10, 2026. Shareholders will vote on electing Oz Adler and Dr. Adi Zuloff-Shani to the board. Ballots will also cover the election of Itay Maroz and Shahar Zadok, subject to approval of a cooperation agreement. The meeting will also vote on a cooperation agreement between Evogene and L.I.A. Pure Capital and Invest-Pro Shukai Hon. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Evogene Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001178913-26-004722), on October 06, 2026, and is solely responsible for the information contained therein.

Bitget•2026/10/06 20:00