ICE canola futures declined on Tuesday after an interim agreement aimed at ending the Middle East conflict pushed crude oil prices lower. The July canola contract (RSN6) settled at $748.90 per metric ton, representing a $3.20 decrease, while the November contract (RSX6) fell $6.50 to $753.90. Canola prices typically move in line with crude oil because lower global oil demand reduces biofuel demand. Crude oil futures dropped approximately 5% to a three‑month low following news of the interim deal that would reopen the Strait of Hormuz and includes provisions for Iran to sell oil. The fall in oil prices also led to a 1.12% decline in Euronext rapeseed futures (COMc1). Additionally, July soy oil (BON26) fell $1.45, trading at 74.37 cents per pound.