Copper Resumes Losses as Iran War Continues to Batter Metals

Copper resumed losses after a brief bounce in the previous session, as global inflation and growth concerns triggered by the Middle East war weighed on the metals complex.

Fighting between the US-Israeli alliance and Iran raged unabated, even as President Donald Trump claimed talks are under way to end the conflict. The US is planning to deploy about 3,000 troops from the 82nd Airborne Division to the region, the Wall Street Journal reported Tuesday, as the White House weighs options to ease Iran’s choke-hold on the Strait of Hormuz.