LeadStory

Reuters

Iran war upends Asian used-car exports to Middle East

Reuters · Less Recent
Reuters
Reuters
Less Recent

The Middle East conflict is upending ​business for used-car traders in Japan and South Korea, leaving exporters with shipments of vehicles stuck in transit.

Breakdown
  • Iran's closure of the Strait of Hormuz disrupts global shipping routes 14s
  • Used car shipments from Japan and South Korea to the Middle East are delayed 25s
  • The UAE is a major market, with 15% of Japanese-used car exports 36s
  • Port congestion in Sri Lanka delays over 500 cars bound for the Middle East 1m 17s
  • South Korea's export network to the Middle East and beyond is nearly paralyzed 1m 53s
Cars & Motoring