Iran war hits Asia’s polyester suppliers to global fast fashion

By Dhwani Pandya, Sumit Khanna, Helen Reid and Ruma Paul A surge in fossil fuel prices since the Iran war is squeezing polyester suppliers and garment makers across India and Bangladesh, threatening to raise costs for fast-fashion retailers like Zara and H&M. Filatex, one of India’s biggest polyester yarn producers, is paying nearly 30 per […]