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Crude oil rose above $100 a barrel as the Iran war, now in its second week, disrupted production and movement of oil and gas in the Persian Gulf region. U.S. crude jumped 36% and Brent rose 28% over the previous week.
Sustained triple-digit crude removes a major supply source and raises energy and transport costs across agriculture, pressuring feed margins and supporting biofuel-linked vegetable oil prices.
apnews.comAlex VeigaMar 8, 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 110 past bullish geopolitics events, Soybean Oil moved a median +1.8% over 5 sessions (65% higher; middle half -0.7% to +3.6%), and -0.4% 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.
Crude topped $100 with US crude up 36% on the week as Gulf production and transport were impaired.
