Base Metals Slide as Iran Uncertainty Keeps Pressure on Prices

Copper headed for a weekly loss, tracked by other metals, as uncertainty over the next developments in the Middle East war continued to weigh on the global economy.

There’s little sign yet that the US and Iran will return to talks after President Donald Trump extended a ceasefire indefinitely earlier this week. The Strait of Hormuz remains largely blocked, and oil prices are heading for the fifth daily gain as warnings mount over global growth.