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    WHAT IMPACT FOR AG MARKETS IF TRUMP ATTACKS IRAN?

    29 Jan 2026
    A possible U.S. military strike on Iran is raising geopolitical risk across financial and commodity markets. Energy prices are already reacting to rising tensions, with crude oil trading above $70, soybean oil at multiple year-high and rapeseed back to €480. Any escalation would mainly affect agricultural markets through the energy channel rather than through direct supply disruptions. Market reaction will largely depend on where the conflict takes place and how long it lasts.....

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