Polyester squeeze tests fashion's price discipline as Hormuz risk lifts oil through 2026
Brent near $100 and a 20% global oil chokepoint at Hormuz are pushing polyester costs higher across H&M, M&S and Next. Delhi couturier Gaurav Gupta, fresh off dressing Reliance's Isha Ambani at the Met Gala, says luxury can absorb it; CFCL leans on 90% recycled feedstock. Mass brands will pass through.
Oil shock from Strait of Hormuz disruption is driving polyester prices up, pressuring fashion supply chains. Delhi couturier Gaurav Gupta, who dressed Reliance's Isha Ambani at the Met Gala, says luxury demand insulates him, while mass brands face cost pass-through.