00:00The Iran war is coming for your closet because these aren't natural fabrics.
00:04They're oil. Polyester, nylon, spandex.
00:09You'll find that actually most of your wardrobe is made from petroleum.
00:12So when missiles fly over the Strait of Hormuz, the shockwaves ripple all the way through to fast fashion.
00:18That $3 pair of tights from Shein, $15 coat from Timu, they'll be hit the hardest.
00:23The first sign of a supply shock is normally panic buying.
00:25Remember the toilet paper frenzy when COVID hit?
00:27Clothing firms are doing pretty much the same thing with plastic right now.
00:31In March, polyester futures in China jumped 25%, reaching their highest level in nearly four years.
00:37For now, there's some slack in the system because plastic is a bit easier to store than gasoline.
00:42But with shipments through the Strait still low and government oil reserves starting to run down,
00:46this cushion won't last forever.
00:48And here's the twist. The best defense turns out to be recycling.
00:52Zara and H&M make almost all their polyester from recycled materials.
00:56Fast retailing, the owner of Uniqlo, less than half.
00:59So anyone who dismissed ESG as fluff may be wishing they'd paid attention now.
01:03Switching to cotton won't save you either.
01:05India, the second biggest grower, needs gas from the Gulf to make its fertilizer.
01:10And cotton prices hit a two-year high in May.
01:13So if you're trying to cut back on single-use plastics, you should actually take a look in your wardrobe.
01:18Your biggest source might be the clothes that you bought online and never wore again.
01:21Whatever the natural Tie, which I can do.
01:21I'm trying to set up a few more libraries that can help this area.
01:22cause it's choice for people to get involved.
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