Macro Finance
Palm Climbs to Near One-Month High as Iran Conflict Boosts Crude
Bloomberg Markets·July 20, 2026·1 min read
Palm oil rose to its highest in nearly a month, tracking renewed strength in crude and other vegetable oil prices as the US and Iran exchanged escalating military strikes. The conflict boosted crude prices, which in turn lifted palm oil. The rally marks a near one-month high for the commodity.
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