COMMODITY
Copper futures settle higher after Trump claims Iran war deal is close
Jun-12-2026
Copper futures settled marginally higher on Thursday as US President Donald Trump claimed an initial agreement aimed at ending the war with Iran is close after posting that he had cancelled strikes on the country. These comments sparked a sharp drop in oil prices, easing concerns about stubborn inflation and the need for interest rate hikes. Meanwhile a weaker US dollar also made dollar-denominated commodities like copper cheaper for holders of other currencies, potentially boosting demand.

Copper futures for July delivery rose $0.008 to settle at $6.2750 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was down by 0.24% at $13,482.50 a ton.
  RELATED NEWS >>