Copper prices continue to be held up at the 6.1090 level with the futures market turning lower today amidst a resurgence in uncertainty around the Iran war. News that the US has seized an Iranian ship in the Strait of Hormuz has seen Iran claim it will not take part in a schedule second round of peace talks later today in Pakistan. Markets are now on tenterhooks awaiting further news on the situation. With Trump threatening to ‘knock out every power plant’ in Iran if a deal is not done, there is heavy cross-market risk today. If Iran doesn’t join the talks and Trump ups his threats, risk assets should fall sharply as ... (full story)