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Trump and Iran’s Pezeshkian sign US-Iran peace MoU as Washington blocks Serbian copper imports

US President Donald Trump and Iranian President Masoud Pezeshkian signed a US-Iran peace memorandum, with Iran set to resume oil exports and receive sanctions relief. The United States also barred imports of copper products from Serbia Zijin Copper, citing forced labour. The two developments point to expectations of a material improvement on the crude supply side and tighter conditions in part of the copper supply chain, creating direct price catalysts for traditional commodities.
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Geopolitics