Israel-Iran conflict: Strait of Hormuz closure threatens textile trade
Israel–Iran conflict and Iran’s closure of the Strait of Hormuz threaten global trade and textile sector. The chokepoint handles 20 per cent of global oil and 30 per cent of LNG shipments. Disruptions could spike energy costs, delay freight, and derail synthetic fibre supply. Key apparel exporters and importers—like India, UK, US and Turkiye—face shipping delays, price hikes and sourcing challenges.
Israel–Iran conflict and Iran’s closure of the Strait of Hormuz threaten global trade and textile sector.
The chokepoint handles 20 per cent of global oil and 30 per cent of LNG shipments.
Disruptions could spike energy costs, delay freight, and derail synthetic fibre supply.
Key apparel exporters and importers—like India, UK, US and Turkiye—face shipping delays, price hikes and sourcing challenges.
