Copper Jumps as Trump Postpones Strikes on Iranian Energy Assets

Copper climbed after President Donald Trump said the US will postpone planned strikes on Iranian energy infrastructure for five days following the start of talks with Tehran about ending hostilities.

Trump’s comments caused ructions across financial markets, with stocks and bonds rallying while the dollar retreated and oil plunged as much as 14%. Copper jumped the most in almost two months in London before settling 2% higher to $12,167 a metric ton, as Iranian news outlets reported that there have been no negotiations with the US.