<div id="readability-page-1">EV demand risk: HSBC says prolonged Iran conflict could push more buyers toward electric vehicles as fuel prices climb and shortages loom. Toyota oil warning: Toyota's dealer bulletin outlines temporary substitution of scarce motor oil grades amid petrochemical supply disruptions tied to Middle East instability. Global ripple effects: Damage to Qatari refineries and Strait of Hormuz closures threaten base oil supplies, potentially leaving store shelves bare within weeks.</div>

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<p>HSBC warns that a prolonged conflict in Iran could increase demand for electric vehicles as fuel prices rise. Additionally, Toyota has issued a bulletin regarding temporary substitutions for scarce motor oil grades due to supply disruptions from Middle East instability. Damage to Qatari refineries and potential closures of the Strait of Hormuz may lead to shortages in base oil supplies, risking empty store shelves in the coming weeks.</p>

- HSBC warns that escalating tensions in Iran could increase demand for electric vehicles due to rising fuel prices and anticipated shortages.  
- Toyota indicates that a dealer bulletin suggests temporary alternatives for limited motor oil grades because of petrochemical supply issues caused by Middle East instability.  
- Disruptions at Qatari refineries and potential closures of the Strait of Hormuz may severely impact base oil supplies, risking empty store shelves in the near future.

HSBC warns Iran war could fuel EV demand surge