On Friday's night session, vegetable oil futures continued their strong upward trend, reaching new highs for the period. As conflicts in the Persian Gulf persist, shipping through the Strait of Hormuz has come to a standstill, cutting off oil supplies. Crude oil futures in Europe and the US surged to their highest levels in two and a half years, while expectations for biodiesel demand remain high, further driving up vegetable oil prices. The market's trajectory is heavily dependent on developments in the Middle East, with risks accumulating at higher levels. On the spot market, basis levels are expected to continue declining under the influence of futures prices.