Copper Falls on US-Iran Tensions in Commodity News 20/04/2026 Copper futures dropped below $6.1 per pound on Monday, pulling back from more than two-month highs as escalating US-Iran tensions stoked inflation and growth concerns that could weigh on demand for industrial metals. The US seized an Iranian-flagged cargo vessel in the Gulf of Oman, while Tehran reversed plans to reopen the Strait of Hormuz and said it would not take part in a second round of negotiations. Prolonged disruption in the strategic waterway has intensified the energy shock, raising inflation risks and threatening global economic growth, with knock-on effects for manufacturing and broader industrial commodity demand. Beyond near-term trade pressures, copper remains supported by structural drivers including global electrification, artificial intelligence adoption, and steady consumption from power grids and construction activity. On the supply side, output continues to be constrained by mining disruptions, chronic underinvestment, and long lead times for new projects. Source: Trading Economics 2026-04-20 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share