HeadlinesBriefing favicon HeadlinesBriefing.com

Metals Plunge as Trump Threatens Iran Power Plants, Spiking Oil Futures

Bloomberg Markets •
×

Industrial metals tumbled after President Trump warned of imminent strikes against Iranian infrastructure. Copper fell 1% to $12,315 a ton and aluminum dropped 1% to $3,497.50 a ton, while oil futures surged. The threat of attacks on Iran's power plants, coupled with existing Middle East supply disruptions, has triggered fears of a broader oil shock crippling global demand. Emirates Global Aluminium reported one of its smelters halted output after being targeted by Iranian missiles and drones. Analysts warn base metals now face 'demand destruction' risks as central banks potentially reverse liquidity support.