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Brent's most active contract settled up 1.2% near $88 a barrel while WTI rose 1% to settle below $85. Trading was influenced by a CBS report that the US and Israel were preparing to bombard energy targets in Iran.
Crude prices feed into energy-linked feed costs and biofuel economics, and a potential strike on energy infrastructure raises upside risk for oilseed oils and corn via ethanol.
bloomberg.comAlex Longley, Mia Gindis, Will KubzanskyJul 30, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
