How The Iran War Oil Shock Threatens The Global Auto Supply Chain

The Iran war poses several risks to the global auto industry: oil price spikes mean higher raw material, manufacturing, and transport costs, among other things. The pain at the pump that comes with oil spikes is already hitting drivers - others are less certain. What is obvious to the industry now is that this is just the latest supply shock in a growing list since the coronavirus pandemic first threw global supply chains into turmoil. Because each crisis is different, it is difficult to develop a strategy or take lessons from one that can apply to others. This is also happening as the industry is paying out billions in tariff costs and trying to navigate difficult and expensive transitions to EVs and software defined vehicles. Producer: Robert Ferris Editor: Kaan Oguz Senior Managing Producer: Tala Hadavi Additional footage: Getty Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to get ahead at work with AI? Sign up for CNBC's new online course, Beyond the Basics: How to Use AI to Supercharge Your Work. Learn advanced AI skills like building custom GPTs and using AI agents to boost your productivity today. Sign up today: https://cnb.cx/4qKBe6H Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC How The Iran War Oil Shock Threatens The Global Auto Supply Chain