Soybean oil hits a more than three-year high as crude oil strengthens following Trump's escalation of threats against Iran

2026-04-09 02:57:53

After U.S. President Donald Trump further threatened to destroy Iran’s infrastructure, crude oil prices rose, increasing the appeal of biofuels as a cheaper alternative and pushing soybean oil futures to their highest level since November 2022. It was stated that, amid high crude oil prices, governments around the world may raise biodiesel blending ratios. (China Economic Information Service)

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