Car dealership group Vertu Motors has warned that a prolonged war in Iran could drive vehicle prices higher as it also stockpiled motor oil over supply concerns. Shares in the London-listed firm dipped on Wednesday as profits were impacted by Government EV (electric vehicle) targets and last year’s Jaguar Land Rover cyberattack. Vertu reported that it had yet to see a direct impact from the conflict in the Middle East, pointing towards “strong” trading in March and April. Boss Robert Forrester told the Press Association that the war and related spike in fuel prices has “reduced demand for diesel cars”, while demand for electric cars has risen. Diesel prices have risen by more than 31%, to an average of 187.48 pence per litre, since the conflict began in late February. He added that supply of motor oil used in its servicing operations, which typically comes from Qatar, has also been impacted by the conflict.…