Fashion
Hormuz crisis: Story update on energy and textile costs
The Hormuz disruption has triggered the sharpest textile supply shock since COVID-19.
Ship transits collapsed 97 per cent, Brent crude rose 26 per cent, and polyester feedstocks jumped 25–40 per cent, pushing global textile production costs up 10–15 per cent.
With polyester accounting for ~59 per cent of global fibre output, energy volatility is rapidly transmitting into apparel costs.
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