--- title: "Iran conflict fuels motor oil cuts and gas surge" type: "News" locale: "en" url: "https://longbridge.com/en/news/286655333.md" description: "Nissan will reduce lubricant allocations to 55% of last year's volume due to shortages from the Iran conflict and refining issues. U.S. gas prices have surged to an average of $4.51 per gallon, with Brent crude near $117 per barrel. Economists predict a 6% inflation rate in Q2, significantly higher than prewar forecasts, driven by rising fuel costs." datetime: "2026-05-17T00:03:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286655333.md) - [en](https://longbridge.com/en/news/286655333.md) - [zh-HK](https://longbridge.com/zh-HK/news/286655333.md) --- # Iran conflict fuels motor oil cuts and gas surge Oil supply shock: Nissan will slash lubricant allocations to 55% of last year’s volume, blaming shortages linked to the Iran conflict and refining bottlenecks. Gas prices surge: U.S. pump prices have risen to $4.51 per gallon on average, with Brent crude trading near $117 per barrel. Inflation outlook worsens: Economists forecast 6% inflation in Q2, more than double prewar expectations, as fuel cost spikes ripple through the economy. ### Related Stocks - [NSANY.US](https://longbridge.com/en/quote/NSANY.US.md) - [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [VDE.US](https://longbridge.com/en/quote/VDE.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [XES.US](https://longbridge.com/en/quote/XES.US.md) - [7201.JP](https://longbridge.com/en/quote/7201.JP.md) ## Related News & Research - [Capital Economics sees oil at $150 per barrel through 2027 in an extreme case](https://longbridge.com/en/news/286549728.md) - [US Cash Crude-Grades ease on first full day of volatile cash roll trading period](https://longbridge.com/en/news/287128260.md) - [Citi bull case Brent hitting $150 near term as oil markets under-price disruption risk](https://longbridge.com/en/news/286992430.md) - [Oil futures lose ground in early US trading](https://longbridge.com/en/news/287089289.md) - [IEA chief Birol: commercial oil inventories depleting rapidly, only weeks left](https://longbridge.com/en/news/286746172.md)