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The proposed regional mechanism for the Strait of Hormuz, a critical chokepoint for global oil shipments, could influence crude oil prices and shipping costs. For the textile industry, any disruption or increased risk in the Strait may raise raw material costs (e.g., polyester, nylon derived from petroleum) and logistics expenses, impacting supply chain stability and margins for textile manufacturers, especially those reliant on imported petrochemical-based fibers.
※ Opinion by KEFINE Insight