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Israel-Iran conflict: Strait of Hormuz closure threatens textile trade

Insights

• Israel–Iran conflict and Iran's closure of the Strait of Hormuz threaten global trade and textile sector.
• The chokepoint handles ** per cent of global oil and ** 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.