Thursday, July 30, 2026

Oil Supplies for Supercars ‘To Run Dry in a Month’ Amid U.S.-Israel-Iran Conflict

Supercar ownership has become increasingly challenging due to the ongoing conflict in Iran. This war has disrupted gas prices and the availability of spare parts, while tariffs imposed by President Trump have complicated matters further. Experts warn that the world is running low on base oil, a key ingredient necessary for maintaining high-performance engines, with shortages expected within a month.

Base oil is essential for various lubricants, including engine oil. Gabriella Twining, head of base oils pricing at Argus Media, explained that if supplies do not improve, stocks will run out in a month. While it is possible to delay oil changes temporarily, it would likely lead to higher costs and reduced availability.

The conflict has worsened an already tight supply of these vital oils. If a region were damaged and a critical oil refinery became inoperable, it could trigger a significant shortage.

Earlier this week, the Independent Lubricant Manufacturers Association (ILMA) issued a report detailing the causes of the “2026 Global Base Oil Supply Crisis.” This document highlighted challenges in sourcing Group III base oil, which is crucial for supercar engine performance. Refineries in Qatar are offline due to damage, and the others in the region face export difficulties.

ILMA’s CEO Holly Alfano pointed out that nearly 75% of US Group III imports are under significant pressure, affecting the industry’s ability to find alternatives.

Alfano also noted that the upcoming hurricane season could further strain supplies. Consumers may face delays in receiving maintenance services, including oil changes. Recent reports suggest that major oil suppliers like Mobil and Shell are facing shortages, which could soon leave empty shelves in stores. With a resolution to the crisis not expected for at least a year, the future of luxury vehicle owners looks uncertain.

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Vocabulary List:
6 words · tap to reveal
ON

Accent

conflict/ˈkɑnflɪkt/noun
a fight or disagreement between countries or groups

tariffs/ˈtærɪfs/noun
taxes on goods brought into a country

shortages/ˈʃɔrtɪdʒɪz/noun
times when there is not enough of something

lubricants/ˈluːbrɪkənts/noun
substances that make machines move smoothly

refinery/rɪˈfaɪnəri/noun
a factory where crude oil becomes usable fuels

inoperable/ɪnˈɑpərəbəl/adjective
not able to be used or work

How much do you know?

What has become challenging due to the conflict in Iran?
Supercar ownership
Gasoline quality
Electric vehicle production
Oil refinery efficiency
Who issued a report on the '2026 Global Base Oil Supply Crisis'?
Oil Refiners Association
Independent Lubricant Manufacturers Association
Global Oil Suppliers Council
Automotive Industry Association
What key ingredient is necessary for maintaining high-performance engines?
Base oil
Transmission fluid
Coolant
Synthetic oil
What percentage of US Group III imports are under significant pressure?
25%
50%
75%
90%
What have tariffs imposed by President Trump complicated?
Gas prices
Oil change services
Spare parts availability
Supercar production
Which major oil suppliers are reported to be facing shortages?
Chevron and BP
Mobil and Shell
Exxon and Total
ConocoPhillips and ENI
Experts warn that the world is running low on base oil.
Holly Alfano is the CEO of the Independent Lubricant Manufacturers Association.
Consumers are expected to receive maintenance services without any delays.
The conflict in Iran has improved the availability of spare parts.
Stocks of base oil are expected to run out within a month if supplies do not improve.
Refineries in Qatar are fully operational.
Base oil is essential for various lubricants, including engine oil and lubricant.
Experts warn of a potential shortage of base oil in the next weeks.
Holly Alfano noted that the upcoming hurricane season could further strain of base oil.
If a region's oil refinery becomes inoperable, it could trigger a significant shortage.
Ilma's report highlighted challenges in sourcing base oil.
Without a resolution to the crisis, luxury vehicle owners will face an future.
This question is required

Test Your Understanding

Start Quiz
Vocabulary List:
6 words · tap to reveal
ON
Accent
conflict/ˈkɑnflɪkt/noun
a fight or disagreement between countries or groups
tariffs/ˈtærɪfs/noun
taxes on goods brought into a country
shortages/ˈʃɔrtɪdʒɪz/noun
times when there is not enough of something
lubricants/ˈluːbrɪkənts/noun
substances that make machines move smoothly
refinery/rɪˈfaɪnəri/noun
a factory where crude oil becomes usable fuels
inoperable/ɪnˈɑpərəbəl/adjective
not able to be used or work

How much do you know?

What has become challenging due to the conflict in Iran?
Supercar ownership
Gasoline quality
Electric vehicle production
Oil refinery efficiency
Who issued a report on the '2026 Global Base Oil Supply Crisis'?
Oil Refiners Association
Independent Lubricant Manufacturers Association
Global Oil Suppliers Council
Automotive Industry Association
What key ingredient is necessary for maintaining high-performance engines?
Base oil
Transmission fluid
Coolant
Synthetic oil
What percentage of US Group III imports are under significant pressure?
25%
50%
75%
90%
What have tariffs imposed by President Trump complicated?
Gas prices
Oil change services
Spare parts availability
Supercar production
Which major oil suppliers are reported to be facing shortages?
Chevron and BP
Mobil and Shell
Exxon and Total
ConocoPhillips and ENI
Experts warn that the world is running low on base oil.
Holly Alfano is the CEO of the Independent Lubricant Manufacturers Association.
Consumers are expected to receive maintenance services without any delays.
The conflict in Iran has improved the availability of spare parts.
Stocks of base oil are expected to run out within a month if supplies do not improve.
Refineries in Qatar are fully operational.
Base oil is essential for various lubricants, including engine oil and lubricant.
Experts warn of a potential shortage of base oil in the next weeks.
Holly Alfano noted that the upcoming hurricane season could further strain of base oil.
If a region's oil refinery becomes inoperable, it could trigger a significant shortage.
Ilma's report highlighted challenges in sourcing base oil.
Without a resolution to the crisis, luxury vehicle owners will face an future.
This question is required

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