European wholesale gas prices fell to one-month lows as markets responded to President Trump easing threats of further strikes on Iran and renewed peace-talk prospects. The decline followed a broad sell-off in energy markets, with Brent and WTI also falling as traders shifted attention toward potential oversupply.
Lower geopolitical risk premiums and cheaper energy can reduce feed-production and transport costs, easing cost pressure for buyers. The story describes downward price movement but does not establish a direct grain or feed-ingredient supply change.
After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% over 20.
After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% over 20.
After 15 past bearish geopolitics events, Natural Gas moved a median -1.1% over 5 sessions (40% higher; middle half -9.2% to +2.4%), and +4.7% 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.