Iran Deal Fading Hopes Send Oil Prices Soaring

Oil prices have surged as hopes for a deal between the US and Iran continue to fade. Despite periodic turbulence, crude oil futures are moving through the Strait of Hormuz, demonstrating the market's ability to maintain flows.

The fading optimism over a potential agreement has also led to an increase in European natural gas prices. Sugar prices remain at their highest level since October 2025, supported by tight global supply conditions.

Cocoa farmers in the Ivory Coast are preparing for next month's main harvest due to favorable weather conditions.