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The decline in oil prices, driven by eased U.S.-Iran tensions and potential reopening of the Hormuz Strait, may lower input costs for synthetic fibers like polyester, benefiting textile manufacturers' margins. However, residual Red Sea risks could still disrupt shipping routes for raw materials and finished goods, posing supply chain uncertainties. Additionally, sustained oil price volatility may affect consumer demand for apparel through broader economic impacts. Overall, the near-term cost advantage may be offset by lingering geopolitical risks.
※ Opinion by KEFINE Insight