This Surprising Sector Has Slid During the Iran War

Core Viewpoint - The SPDR S&P Metals and Mining ETF has experienced a decline of nearly 6% since the onset of the Iran conflict, driven by rising oil prices and concerns over economic slowdown impacting metals demand [1] Group 1 - The ETF's decline is attributed to higher oil prices, which typically increase production costs for metals [1] - Economic slowdown fears are contributing to reduced demand for metals, further exacerbating the ETF's performance [1]