Korean Used Cars Stranded Due to a US–Iran War: Causes, Mechanisms, and Global Trade Impact (2026 Expert Analysis)
Korean used cars are stranded during a US–Iran war due to blocked shipping routes through the Strait of Hormuz, suspended exports, insurance restrictions, and payment disruptions caused by sanctions. These factors prevent vehicles from leaving Korea or reaching Middle Eastern markets, leading to inventory buildup, rising storage costs, and falling export prices. South Korea is