Iran War Expected to Drive Up Clothing Prices Globally
Industry insiders warn that the ongoing war in Iran is likely to cause a significant increase in clothing prices, advising consumers to update their wardrobes soon.
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War on Iran is about to make clothes more expensive. Here’s why
Planning to update your wardrobe this summer? Industry insiders have some advice: do it soon. By the time autumn collections hit the racks, the aftershocks of war on Iran may have quietly picked your pocket. Clothing manufacturers and industry analysts are warning consumers to budget for price increases of 10 to 15 per cent as South Asia’s US$50 billion garment export industry reels from a cascade of war-driven shocks. Iran’s blockade of the Strait of Hormuz has choked natural gas supplies to...
By Tom Hussain
Read full article →Opportunities and dangers: Opposition to Iran war set to grow in Latin America when prices increase - The Straits Times
Opportunities and dangers: Opposition to Iran war set to grow in Latin America when prices increase The Straits Times
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