Iran War Enters Fourth Day, Driving Higher Crude Prices and Broad Commodity Swings

The US-Israeli war on Iran intensified into its fourth day, with Tehran reporting a death toll of 787 as strikes continue to target leadership and infrastructure. Israel’s campaign, initially described as a two-week operation, is reportedly advancing faster than expected, with no firm end date signaled. US President Donald Trump said the war could last four to five weeks.

Global markets remain on edge. Crude oil surged nearly 4% in overnight trade, while European equities fell sharply. US stock futures also pointed lower, with the three major indices last shedding about 2%...

How the US‑Iran Conflict Is Affecting Global Commodity Markets

US and Israeli strikes on Iran over the weekend, which killed Iran’s Supreme Leader Ayatollah Ali Khamenei, have sparked significant disruptions in energy, freight, and wider commodity and agricultural markets.

Oil surged at the start of the week, global stock markets wavered, and the energy and shipping sectors have become central to an escalating crisis as commercial traffic through the Strait of Hormuz has halted to a near standstill. 

On Monday, the US-Israeli air campaign against Iran escalated, extending the conflict to Lebanon as Israel responded to strikes by...

EC Opens Call for Evidence to Streamline Food and Feed Safety Rules

The European Commission (EC) has launched a call for evidence to gather input on plans to simplify, clarify and modernise key areas of EU food and feed safety legislation. The initiative aims to reduce administrative burdens, boost legal clarity and speed regulatory procedures while preserving high food safety standards and EU competitiveness.

The forthcoming food safety package will outline measures to streamline rules across plant protection products, biocidal products, feed additives, hygiene requirements and official controls at EU borders, the EC said.

US Tariffs on Brazilian Imports Spark Cross-Commodity Concerns

On July 9, US President Donald Trump moved to raise tariffs on Brazilian imports to 50% starting August 1—up sharply from the 10% rate imposed in early April—sparking concerns in global markets, with potential ripple effects across commodities like orange juice, beef, coffee, sugar, and seafood.

These trade measures are raising alarms in export-dependent sectors and among US importers, with market participants saying the implications could be wide-ranging.

Brazilian President Luiz Inácio Lula da Silva said the country would respond to the newly announced tariff...