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Base Metals Rise as Trump Predicts Brief Iran Attacks

Bloomberg Markets •
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Commodities markets rallied as President Donald Trump signaled that the new US military campaign against Iran would be short-lived, easing fears of regional escalation that had pressured prices the previous day. All six major base metals traded in London posted gains, with zinc leading the advance. The airstrikes on Iranian targets and Tehran's subsequent retaliation had triggered a sell-off in risk assets, causing crude oil to spike higher.

Trump's comment that he 'doesn't think too long' suggests the conflict may not endure, supporting metal prices. The brief military engagement has so far spared broader market disruption, allowing investors to rotate back into industrial commodities.