The death of Larijani has introduced fresh uncertainty to the Middle East situation, leading to heightened navigational risks in the Strait of Hormuz and keeping crude oil prices elevated. This scenario benefits the advancement of US biofuel initiatives and Indonesia's B50 program, while vegetable oil prices overall maintain high-level fluctuations. In the spot market, supply is gradually decreasing in March and April, with market trading activity picking up. Yesterday's transactions were primarily spot trades.