# Soybean Oil Hits Three-Week High as US-Iran Ceasefire Dissolves - Bloomberg

> Chicago soybean oil futures rose to a three-week high after fresh US military strikes on Iran lifted crude prices. The most-active contract gained as much as 2.6%, its fifth straight day of gains.

- Date: 2026-07-08 · published 2026-07-08T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/18449-soybean-oil-hits-three-week-high-as-us-iran-ceasefire-dissolves-bloomberg
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher crude raises the value of biofuel feedstocks, which supports soybean oil demand and prices.

## Read by commodity

- SBO: bullish ▲
- WTI: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2026-07-16 | 5 | +7.1% | 2.9 | The US-Iran ceasefire collapse lifted crude prices and drove soybean oil to a three-week high on five straight gains, an energy-linked sentiment and biofuel margin driver at the start of the window. |
| WTI | 2026-07-13 | 1 | +6.7% | 3.0 | Fresh US strikes on Iran and the collapse of the ceasefire lifted crude prices, as confirmed by soybean oil following crude higher. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2026-03-30 | [Biofuel Demand, Iran Conflict Push Soybean Oil Prices Toward New Peak - Bloomberg](https://feedsoft.ai/events/20195-biofuel-demand-iran-conflict-push-soybean-oil-prices-toward-new-peak-bloomberg.md) | +4.8% | +6.2% |
| SBO | 2026-03-12 | [Brent Oil Tops $100 as Persian Gulf Disruption Hits Global Supply - Bloomberg](https://feedsoft.ai/events/8158-brent-oil-tops-100-as-persian-gulf-disruption-hits-global-supply-bloomberg.md) | -5.5% | -1.7% |
| SBO | 2026-03-02 | [Oil Prices Surge as Hormuz Disruptions Threaten Global Supply, Analysts Warn - Bloomberg](https://feedsoft.ai/events/8003-oil-prices-surge-as-hormuz-disruptions-threaten-global-supply-analysts-warn.md) | +4.6% | -1.4% |
| SBO | 2018-06-28 | [Oil trades near three-year high as Libya crisis tightens supply](https://feedsoft.ai/events/64674-oil-trades-near-three-year-high-as-libya-crisis-tightens-supply.md) | -1.9% | -3.0% |
| SBO | 2026-03-05 | [ULSD Futures Soar to 3-Year Highs as Iran War Drags](https://feedsoft.ai/events/5529-ulsd-futures-soar-to-3-year-highs-as-iran-war-drags.md) | +1.2% | -2.3% |
| WTI | 2019-04-21 | [Oil Leaps to 6-Month High as U.S. Vows to Strangle Iran Exports - Bloomberg](https://feedsoft.ai/events/9607-oil-leaps-to-6-month-high-as-u-s-vows-to-strangle-iran-exports-bloomberg.md) | -1.1% | -1.9% |
| WTI | 2019-06-21 | [Oil Posts Best Week Since 2016 as Trump Calls Off Iran Raids - Bloomberg](https://feedsoft.ai/events/12314-oil-posts-best-week-since-2016-as-trump-calls-off-iran-raids-bloomberg.md) | +4.3% | -2.3% |
| WTI | 2026-03-30 | [Biofuel Demand, Iran Conflict Push Soybean Oil Prices Toward New Peak - Bloomberg](https://feedsoft.ai/events/20195-biofuel-demand-iran-conflict-push-soybean-oil-prices-toward-new-peak-bloomberg.md) | +12.7% | -2.0% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2026-07-08/soybean-oil-hits-three-week-high-on-renewed-us-iran-tensions

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.