# European ethanol prices up on indirect war effects | Latest Market News

> European ethanol prices have risen more than 10% since the US-Israel war with Iran began, reaching €754/m³, the highest since November. The conflict has disrupted freight, closed transatlantic arbitrage and tightened an already short European market.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/31198-european-ethanol-prices-up-on-indirect-war-effects-latest-market-news
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher energy and freight costs from the Hormuz disruption lift biofuel feedstock values and push up corn and sugar-based ethanol prices. The effect on feed grain prices is indirect.

## Read by commodity

- CORN: bullish ▲
- BRENT: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-03-25 | [Fertilizer industry weighs up war impacts \| Latest Market News](https://feedsoft.ai/events/31147-fertilizer-industry-weighs-up-war-impacts-latest-market-news.md) | +1.9% | +2.3% |
| BRENT | 2024-03-25 | [US biofuel inputs hit multiyear highs on war, policy \| Latest Market News](https://feedsoft.ai/events/31291-us-biofuel-inputs-hit-multiyear-highs-on-war-policy-latest-market-news.md) | +1.9% | +2.3% |
| BRENT | 2025-06-13 | [European oil product markets jump on Israel-Iran war risk](https://feedsoft.ai/events/7760-european-oil-product-markets-jump-on-israel-iran-war-risk.md) | +12.0% | -0.8% |
| BRENT | 2024-03-25 | [NY Harbor diesel prices reach multi-year highs \| Latest Market News](https://feedsoft.ai/events/31384-ny-harbor-diesel-prices-reach-multi-year-highs-latest-market-news.md) | +1.9% | +2.3% |
| BRENT | 2020-05-16 | [OPEC+ Supply Cuts: Latest Oil Market News on Output Status - Bloomberg](https://feedsoft.ai/events/53027-opec-supply-cuts-latest-oil-market-news-on-output-status-bloomberg.md) | +8.6% | +24.8% |
| CORN | 2026-03-02 | [Urea derivatives surge on Middle East conflict \| Latest Market News](https://feedsoft.ai/events/4428-urea-derivatives-surge-on-middle-east-conflict-latest-market-news.md) | +2.0% | +5.1% |
| CORN | 2022-02-24 | [European ethanol margins hammered by natural gas rise](https://feedsoft.ai/events/42709-european-ethanol-margins-hammered-by-natural-gas-rise.md) | +6.5% | +12.3% |
| CORN | 2026-04-07 | [ICIS provides insight into impacts of US-Iran war on fertilizer markets \| World Fertilizer](https://feedsoft.ai/events/19638-icis-provides-insight-into-impacts-of-us-iran-war-on-fertilizer-markets-world.md) | -2.5% | +3.0% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2801711-european-ethanol-prices-up-on-indirect-war-effects

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