Copper prices declined for a second day, dropping below $14,200 a ton in London as resurgent oil prices fanned concerns about global economic prospects. Three-month copper, which posted a record close last week, slipped amid worries that escalating tensions in the Middle East could complicate efforts to reopen the Strait of Hormuz. Crude oil rose for a third day after the US hit targets in Iran, with Tehran retaliating with strikes in Jordan, Bahrain, and Kuwait.

The commodity sell-off extended to other metals as investors assessed the broader economic impact of geopolitical instability. Market attention remains fixed on the potential disruption to energy supplies and its ripple effects across the industrial sector.