Palm oil rose to the highest in nearly a month as crude prices surged from renewed U.S.–Iran hostilities. Futures in Kuala Lumpur climbed 0.7% to trade near RM4,635 a tonne, the peak since June 23. The rally followed a jump in Brent crude as the conflict expanded beyond military targets to bridges, utilities and port facilities, dampening hopes of a fragile ceasefire.

Senior analyst Sathia Varqa of Fast Markets Palm Oil Analytics said the rise reflects a resurgence in crude‑oil price and a war‑risk premium triggered by the Middle East escalation. Vegetable‑oil futures on the Chicago and Dalian exchanges also rose sharply, boosting palm prices.

For October delivery on Bursa Malaysia Derivatives, palm rose 1.2% to RM4,653 a tonne. Soybean oil for December in Chicago climbed 0.1% to 72.46 c/lb, while refined palm in Dalian rose 1.3% to 9,352 yuan (≈学生 RM5,647.86). Soybean’s premium over palm is about US$465 versus an average of US$235 last year, and palm’s discount to gasoil is US$72 versus a past‑year premium of US$211.