Copper Falls as Iran War Hits Markets

2026-03-09 03:31 By Jam Kaimo Samonte 1 min. read

Copper futures dropped below $5.7 per pound on Monday, hitting multi-week lows amid fears that the conflict in the Middle East could last longer than anticipated and lead to sustained economic disruption.

Oil topped $100 for the first time since 2022, stoking worries that higher energy costs could slow global growth and reignite inflation.

The US-Israeli war with Iran entered its second week with no resolution in sight, while US President Donald Trump demanded Tehran’s unconditional surrender.

Copper also came under pressure from a rallying dollar, as investors flocked to the currency as a safe store of value and revised expectations on Federal Reserve policy due to renewed inflationary risks.

In top consumer China, annual inflation jumped to a three-year high in February, partly driven by Lunar New Year holiday spending.



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