Autos & Shared Mobility: Reports that the US and Iran have Agreed on a Peace Framework

研报英文原文证据摘录

Autos & Shared Mobility: Reports that the US and Iran have Agreed on a Peace Framework

Update

June 15, 2026 12:30 AM GMT

Morgan Stanley MUFG Securities Co., Ltd.+MAutos & Shared Mobility | Japan Hiroto Segawa

Equity Analyst

Reports that the US and Iran Hiroto.Segawa@morganstanleymufg.comShinji Kakiuchi +81 3 6836-8403

Shinji.Kakiuchi@morganstanleymufg.com +81 3 6836-5416

have Agreed on a Peace Hayato Takashima

Research Associate

Hayato.Takashima@morganstanleymufg.com +81 3 6836-5414

Framework

If the reports are accurate, this would be highly positive for the

auto industry, which has continued to underperform since

geopolitical risks in the Middle East escalated. Autos & Shared Mobility

Japan

NEWS: On June 15, the Nikkei reported that the United States and Iran had reached Industry View In-Line

an agreement on a peace framework for a deal to end the conflict. Other media

outlets also reported that President Trump posted the same information on his Exhibit 1 : J-OEMs: Stock performance from

social media account. Key points of the report include: (1) the Strait of Hormuz will Feb 27 to Jun 12

be opened without transit fees, and (2) the immediate lifting of the blockade by US TOPIX -1%

forces will be approved. Yamaha Motor -4%

Honda -11%

Our view: If the reports are accurate, we believe this would be highly positive for

SUBARU -17%

auto industry stocks. Since the conflict began on February 28, 2026, auto stocks Mazda -19%

have been underperforming (among our coverage, auto-focused companies Suzuki -21%

underperformed TOPIX by approximately 10–25%, excluding Yamaha Motor, whose Nissan -22%

business is centered on motorcycles and marine products). Valuations for many Mitsubishi -25%

names have declined to levels close to historical lows, and a strong rebound is Isuzu -27%