The United States and Iran held face-to-face negotiations in Rome. Although there are currently no signs of reaching a peace agreement, the market harbored hopes for the reopening of the Strait of Hormuz. International oil prices fell by 7%, and vegetable oil futures followed the decline. Rapeseed oil saw a more pronounced drop in night trading. Over the weekend, rain fell across many rapeseed-growing areas in Western Canada, but this week's weather forecast indicates that most of the region will experience warm and dry conditions, which should help facilitate substantial progress in seeding. Canola prices declined accordingly.