Iran war threatens lucrative business of German carmakers

The Iran war endangers the growth of German premium carmakers in the Middle East region. While sales stagnate elsewhere, BMW, Porsche, and Mercedes thrive with luxury models in the Gulf states. Supply chains remain resilient despite the escalation, as research indicates.

The consequences of the Iran war burden the German auto industry in a key growth region. Premium manufacturers BMW, Porsche, and Mercedes particularly benefit from rising sales of expensive luxury variants in the Gulf states, where demand increases despite global stagnation. These markets are gaining strategic importance for the makers, offering the highest margins.

Handelsblatt research indicates that supply chains for production components are resilient, even amid the war escalation. Nevertheless, the conflict threatens the boom in this profitable segment. Reporting from Düsseldorf highlights the industry's dependence on stable conditions in the Middle East.

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Illustration of Iran's Strait of Hormuz blockade during war, driving up global oil and gas prices and threatening Europe's energy supply.
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War in Iran causes surge in energy prices

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On the fifth day of the war in Iran, Tehran's blockade of the Strait of Hormuz has driven up oil and gas prices, affecting the global economy. European gas prices rose from 32 to 49 euros per MWh, while Brent crude climbed from 72 to 82 dollars per barrel. Europe, vulnerable due to its reliance on imports, faces heightened risks if the conflict drags on.

The ongoing conflict in Iran has interrupted Russia's supply chains for luxury goods, including cars, iPhones, and jewelry, primarily routed through the United Arab Emirates. Closures in the Strait of Hormuz and air traffic disruptions threaten shortages if the situation persists beyond a month. Importers warn of stranded vehicles and delayed deliveries amid existing Western sanctions.

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US and Israeli attacks on Iran, including the killing of high-ranking leaders, raise concerns in Germany. A newsletter addresses reader questions on terror threats, energy prices, and military bases. Experts warn of potential escalation in the region.

미국과 이스라엘이 이란에 대한 대규모 공격을 시작한 지 일주일 만에 유가가 배럴당 90달러를 넘어섰다. 이 충돌은 중동 전역으로 확대되며 석유 공급을 중단시켰고, 호르무즈 해협 통과가 불가능해졌다. 전 세계 소비자들은 휘발유와 디젤 가격 상승으로 영향을 받고 있다.

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Missiles continue to fly across the Middle East, boosting shares in defense contractors while causing declines in airline and cruise line stocks. JPMorgan analysts noted the conflict is creating clear leaders and laggards in the market. Investors are watching the Strait of Hormuz, which handles 20% of global oil supplies.

월요일 미국-이스라엘의 이란과의 전쟁 확대로 중동 주요 산유국들이 공급을 줄이면서 유가가 약 20% 급등해 2022년 7월 이후 최고치를 기록했다. 이라크와 쿠웨이트는 생산을 줄였으며, 호르무즈 해협에서의 장기 교란 우려가 커지고 있다. 분쟁이 신속히 해결되더라도 전 세계적으로 수 주 또는 수 개월간 연료 비용 상승이 지속될 수 있다.

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