Copper Extends Losses as US Gulf Strikes Cloud Iran Deal Hopes
Updated
Updated · Bloomberg · May 28
Copper Extends Losses as US Gulf Strikes Cloud Iran Deal Hopes
5 articles · Updated · Bloomberg · May 28
Copper led industrial metals lower after fresh US strikes in the Persian Gulf undercut hopes for a deal to end the war with Iran.
Base metals had been stuck in a tight range for weeks as investors tracked negotiations, with each setback to diplomacy weighing on growth-sensitive commodities.
The conflict has fueled inflation and darkened the outlook for global growth, leaving industrial metals vulnerable to further swings as talks remain unresolved.
As US missile stockpiles dwindle, can its military sustain this war if a diplomatic solution with Iran fails?
Is Iran’s crypto-toll in the Strait of Hormuz a desperate move or a new blueprint for economic warfare?
With Iran’s Supreme Leader gone, who now has the authority to end the war and negotiate a stable peace?