BASF warns that a war with Iran could lead to disruptions in the automotive supply chain.

The CEO of the chemical giant BASF said that escalating inflation and the risk of supply chain disruptions due to the Iran war are casting a shadow over the automotive industry and the overall economic outlook. He stated that the possibility of raw material shortages is increasing, which could result in highly sophisticated supply chains such as automotive production coming to a standstill. He added that the conflict has already caused shortages of inputs such as sulfur and helium.