Dollar at week-high after US resumes attacks on Iran - Reuters

Chicago soybean oil futures reached a three-week high following renewed US military strikes on Iran. These actions drove crude oil prices upward, which increased the potential demand for biofuel feedstocks. Simultaneously, the US Dollar climbed to a week-high as a direct result of the resumed attacks on Iran. Both the agricultural commodity and the currency reacted strongly to the escalating geopolitical tensions between the United States and Iran reported by Reuters and market data.