Toyota Cuts Overseas Production Target by 83,000 Units, Middle East Crisis Hits Global Supply Chain

Affected by ongoing Middle East tensions, Toyota has announced a reduction of 830,000 units in its overseas production target for June-November 2026. Toyota expects fiscal year 2026 pure ICE vehicle sales to decline 16.4% year-over-year, with growth momentum shifting to hybrids. The Middle East conflict has driven oil prices to surge, accelerating the global shift toward new energy vehicles.