
Iran is experiencing its largest protests in nearly a decade, with tens of thousands demanding an end to the theocratic government and at least 20 people killed. The unrest began over a slow economy and reportedly over egg prices.
Political instability in Iran is a geopolitical event with little direct effect on feed grain or protein markets. Any impact would come only through broader Middle East energy risk.
After 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.
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.