STOCKS | Oil Falls Sharply as Middle East Tensions Ease; CBOT Soybeans and Corn Also Decline

Oil prices fell sharply as tensions in the Middle East eased, while CBOT soybeans and corn also declined. According to Jin10, wheat remained near high levels as the Russia-Ukraine conflict in the Black Sea continued to support prices, and agricultural markets were being disrupted by "the Middle East cooling off" and "the Black Sea heating up," with supply chain risks still unresolved.