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Trump Delays Iran Strikes, Sparks Copper Market Volatility

3/24/2026

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Summary

Story summary

U.S. President Donald Trump delayed US strikes on Iranian energy infrastructure for five days, triggering volatility in copper and markets as stocks and bonds rallied and oil prices dropped significantly.
Copper rose 2% to $12,167 per metric ton after a three-month low amid Middle East conflict fears.
In a separate report, copper futures fell below $5.3 per pound amid weak demand.
Lower prices have spurred buying by Chinese fabricators.

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Story summary

U.S. President Donald Trump delayed US strikes on Iranian energy infrastructure for five days, triggering volatility in copper and markets as stocks and bonds rallied and oil prices dropped significantly.
Copper rose 2% to $12,167 per metric ton after a three-month low amid Middle East conflict fears.
In a separate report, copper futures fell below $5.3 per pound amid weak demand.
Lower prices have spurred buying by Chinese fabricators.