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Motor Oil Prices Are Surging Because of the Iran War — And a Peace Deal Won't Fix It Fast
NPR·Wednesday, 17 June 2026
The US-Iran war has caused the cost of motor oil and lubricants to soar, separate from crude oil prices. Even if a deal to end the war is reached, experts say the problem won't go away quickly. The US produces a lot of crude oil but not the lubricant base stocks the world needs.
Why It Matters
India imports significant quantities of lubricants and base oils, so rising global prices feed directly into higher costs for vehicles, factories, and transportation — things every Indian uses.
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