Toyota, Hyundai and Chinese automakers expected to be most impacted by Iran war
While regional sales will be impacted, the closing of the Strait of Hormuz and rising oil prices will have ripple effects across the global automotive industry.
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While regional sales will be impacted, the closing of the Strait of Hormuz and rising oil prices will have ripple effects across the global automotive industry.
The futures price of the global benchmark Brent crude oil rose, breaking $90 per barrel after Trump posted his demand to Iran to end the war.
A closely watched barometer for used vehicle pricing jumped last month as dealers sped to increase inventories amid optimism of a robust spring selling season.
Daly told CNBC on Friday that the weak February jobs report adds to a difficult policymaking environment.
Nonfarm payrolls were expected to increase 50,000 in February while the unemployment rate held steady at 4.3%.
United CEO Scott Kirby said demand remains high but that fuel prices will hit first-quarter results.
Samsung's AI smart glasses will be launched in 2026 and will mark the company's first foray into the product category.
Infrastructure underpinning digital services has been pulled into the conflict in the Middle East
The U.S.-Israeli strikes on Iran over the weekend gave way to a week with topsy-turvy markets, spiking mortgage rates and higher prices at the pump.
Debt markets head for worst week in more than a year after energy price surge sparks inflation fears
A backup of oil tankers in the Persian Gulf is disrupting supplies, and will only get worse the longer the Strait of Hormuz is closed.
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