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Iranian Missile Hits Shell Plant, Triggers Motor-Oil Shortage

5/23/2026

23 6 Full Breakdown

Summary

Story summary

An Iranian missile strike on Shell’s Pearl GTL plant will cause motor-oil shortages by July.
Auto repair shops see oil-change prices rise as MacKenzie Motors in Boston reports its bulk price jumped from $1,880 in March to $2,281.90 in May, adding $5 per change.
The Independent Lubricant Manufacturers Association says 45% of Group III base oil is sourced from Middle East and shipping issues could keep prices high for a year.

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Story summary

An Iranian missile strike on Shell’s Pearl GTL plant will cause motor-oil shortages by July.
Auto repair shops see oil-change prices rise as MacKenzie Motors in Boston reports its bulk price jumped from $1,880 in March to $2,281.90 in May, adding $5 per change.
The Independent Lubricant Manufacturers Association says 45% of Group III base oil is sourced from Middle East and shipping issues could keep prices high for a year.