Iran-Israel war, pricey valuations drag metals, stocks plunge up to 15% since conflict began. Buy or sell 2025’s top sector?

Metal stocks, once among 2025’s top performers, have slipped up to 15% since the Iran–Israel/US conflict began on February 27. Despite showing resilience versus other sectors, high valuations and global risk-off sentiment are weighing on the space, leaving metals vulnerable to a deeper correction amid elevated macro uncertainty.