# US Copper Nears Record High on Tariff Risks and Hormuz Reopening Speculation

https://mins.news/en/item/13978

- Bloomberg News, 2026-08-05 10:30 UTC
- Economy
- Original: https://www.bloomberg.com/news/articles/2026-08-05/us-copper-trades-near-record-on-tariff-risks-hormuz-speculation?link_source=ta_bluesky_link&taid=6a7310b816de0200012b58f0

> New York copper futures traded just below their all-time peak as investors awaited a decision on US tariffs. Traders were also watching efforts to reopen the Strait of Hormuz. Those developments helped lift demand for riskier assets and supported copper prices. Attention remained focused on the potential tariff decision and the outlook for shipping through the strategic waterway.

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