Loading…
Brent crude hit a four-year high above $126 a barrel on April 30 before easing, as concerns grew that the US-Iran war could cause a prolonged Middle East supply disruption. The Strait of Hormuz remains closed and reports say the US is considering military action to break the negotiation deadlock.
Sustained loss of Gulf crude and tanker flows lifts diesel and energy costs for feed producers and pushes up vegetable oil and biofuel-linked prices, while raising freight and fertilizer input costs.
reuters.comNicole JaoApr 30, 2026After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.
After 250 past bullish geopolitics events, ULSD / Diesel moved a median +1.7% over 5 sessions (58% higher; middle half -3.6% to +8.7%), and +0.9% over 20.
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.
