The Middle East conflict is causing oil prices to rise, impacting the hybrid market and sales of major auto companies like Honda, Toyota, and Hyundai.

The entities involved

• Middle East →

  geopolitical region encompassing Egypt and most of Western Asia, including Iran

  • A US Air Force base in Fairford, located near the Oxfordshire border, is being utilized due to actions in the Middle East.Mon 17:54
  • Authorities are investigating an incident at a base in Fairford, with possible links to Iran and Russia.Mon 17:54
• Honda →

  manufacturer of automobiles, motorcycles, and power equipment

  • Honda indefinitely suspended its EV plant plan, investing $15 billion in the Canadian EV supply chain amid PRC strategic influence.Mon 13:40
  • Consumer demand for versatile off-road SUVs increases.Sat 17:30
• Toyota →

  Japanese multinational automotive manufacturer

  • Toyota is expanding its business presence in Mississippi by opening a new dealership in Meridian.Mon 13:29
  • Toyota is establishing a manufacturing base in Blue Springs, Mississippi, led by Aaron Foster.Mon 13:29
• Hyundai →

  multinational conglomerate headquartered in Seoul

  • DNV approved a new LNG carrier design by Hyundai, which is capable of transiting both the Suez and Panama canals.Mon 15:31
  • Hyundai Card is utilizing funds for Hyundai Motor Group businesses.Mon 11:42

Related events

• Conflict in the Middle East drives up crude oil prices.Aug 17
• The war in the Middle East has led to elevated oil prices and caused credit quality concerns, impacting the EV market and SMEs.Aug 12
• Middle East conflict prompts a reversal in oil prices.Jul 14
• Conflict drives up fuel prices in the region, leading to sales declines for market leaders like Toyota.Jun 7
• The ongoing conflict is causing oil prices to rise, which is now impacting the regional housing market in Nevada.Thu 09:27