Copper’s Price Trajectory Now Hinges on US Tariff Decision
Months after Operation Epic Fury disrupted global metals markets, uncertainty surrounding the Strait of Hormuz is no longer the dominant force shaping copper prices. Although conflicting messages from Iran over whether the waterway is fully operational continue to create some uncertainty, the market's attention has increasingly shifted toward Washington, where an impending decision on U.S. copper tariffs is expected to have a far greater influence on prices. Following the recent memorandum of understanding, the United States has until nearly the end of this month to complete the removal of its naval blockade, while Iran has only pledged to make its…
