Copper Pops Higher as US-Iran Agreement Puts Bulls in Charge

Copper prices rose as an interim peace agreement between the US and Iran eased global economic growth fears and stoked optimism for metals demand. This agreement alleviates economic concerns, potentially sustaining copper demand amid long-term supply deficits and geopolitical shifts. The development has put bulls in charge, driving the metal higher as the market reacts to the reduced tensions and the positive outlook for industrial metals demand following the diplomatic resolution between the US and Iran.