Metals Slide as US-Iran Situation Makes Outlook ‘Very Binary’

MarketsCommoditiesMetals Slide as US-Iran Situation Makes Outlook ‘Very Binary’FacebookXLinkedInEmailLinkGiftFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Bloomberg NewsMay 19, 2026 at 2:59 AM UTCBookmarkSaveCopper fell as investors continued to fret about the global economy’s prospects, offering a lukewarm response to US President Donald Trump’s hints at progress toward a peace deal with Iran.Trump said he’d paused plans for fresh military strikes on Iran to allow for more negotiations with Tehran, a move he said was a response to appeals from Persian Gulf allies. After an initial bounce, copper futures retreated with equities in AsiaBloomberg Terminal, as any resolution of the Iran crisis remained highly uncertain.