The ceasefire between the US and Iran has reduced the "war premium", global food prices fell by 0.3% in June, and Europe's heatwave and El Nio are becoming new concerns.

According to the AI Finance App, global food prices have slightly decreased due to concerns about supply chain disruptions caused by the ceasefire between the US and Iran. A report released by the Food and Agriculture Organization (FAO) of the United Nations on Friday showed that the global food commodity price index fell by 0.3% in June, primarily driven by declines in grains and sugar.