CoinWorld News reports that the market is awaiting Iran’s response to a new proposal presented by U.S. President Donald Trump to end a conflict that has been ongoing for nearly ten weeks. Against this backdrop, copper prices and aluminum prices have edged slightly lower. Most industrial metals jumped sharply on Tuesday and Wednesday as sentiment in the market turned optimistic about de-escalation in the Iran situation. The Iran war has pushed up energy prices and threatens the global economy. At present, Iran is considering a memorandum of understanding proposed by the United States, which sets out a path to reopen the Strait of Hormuz. Guy Wolf, head of global market analysis at marex spectron, said: “In the short term, we believe aluminum prices may react negatively to the war coming to an end. But this could actually present a buying opportunity, because the issue of production stoppages will not be resolved immediately.”