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Copper Boosted by Ceasefire Hopes
Copper prices are tentatively bid today with the futures market edging higher in the green, though still within the last week’s range for now. The move higher comes despite a firmer US Dollar today and heightened uncertainty over the trajectory of the Iran war. Reports over the weekend that Trump is considering a ground assault on Iran to take hold of key Iranian energy sites have been overtaken for now by rising hopes of a ceasefire. Trump extended the current embargo on attacking Iranian energy sites to allow negotiations to continue with Trump writing on X that Iran will allow 20 oil tankers through the Strait ... (full story)