Iran War
Energy shock from Iran war may make shopping from Zara, H&M more expensive, sneakers to get costly too
✦ AI Brief
Apparel sold by fast fashion retailers may become more expensive due to supply disruptions caused by the war in West Asia. The closure of the Strait of Hormuz has led to a shortage of refined petroleum products, affecting polyester production. Polyester, which dominates the textile industry, is used in clothing and sneakers