Goldman Warns on Copper as Iran War Threatens Global Economy
Bloomberg.com • • business
Key Points:
- Goldman Sachs warns that copper prices could decline further if the Strait of Hormuz remains blocked, impacting metals markets.
- The blockage could keep energy prices elevated, potentially slowing global economic growth.
- The warning comes amid President Donald Trump's deadline for Iran to agree to a deal or face attacks on civilian infrastructure.
- Analysts highlight near-term risks are skewed to the downside if disruptions in the strait persist beyond their base case.
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