May 28 (Reuters) - Copper prices fell to a one-week low

on Thursday, as renewed tensions in the Middle East pushed the

dollar and oil prices higher, fuelling inflation and slowdown

concerns.

Three-month copper on the London Metal Exchange was

down 0.1% at $13,514.50 a metric ton, as of 0300 GMT, after

falling to its lowest level since May 21 earlier in the session.

The most-traded copper contract on the Shanghai

Futures Exchange was down 1.1% at 103,830 yuan ($15,316.31) a

ton, its lowest level since May 20.

The U.S. military carried out new strikes targeting an

Iranian drone operation that posed a threat to U.S. forces and

commercial shipping in the Strait of Hormuz, a U.S. official

said, hours after President Donald Trump dismissed an Iranian

report of a deal to restore traffic through the strategic

waterway.

The U.S. dollar index climbed to a near one-week

high, making greenback-priced commodities expensive for other

currency holders.

"Dollar at highs and an impasse in Hormuz that saw U.S.

attacks isn't helping sentiment," independent metals trader Tai

Wong said, adding that he expects base metal prices to "continue

to trade sideways pending a durable Hormuz outcome."

Crude oil prices also rose following the U.S. military

action. Higher energy prices have dimmed the outlook for metals

due to the risk that an energy shock could squeeze global growth

and manufacturing.

Meanwhile, depletion of available copper stocks in

LME-registered warehouses continued, while COMEX

copper stocks saw further inflows.

Three-month aluminium on the London Metal Exchange

fell 0.5% to $3,619 a metric ton, its lowest level since May 21.

Pressuring prices, the September alumina futures on the

Shanghai Futures Exchange fell 0.4%, after hitting a

one-month high in the previous session.

Elsewhere on the LME, zinc fell 0.2%, lead

was down 0.4%, nickel lost 0.8% and tin edged

0.1% lower. Zinc was at an over two-week low, while lead hit

one-week low.

Among other SHFE metals, aluminium fell 1.1%, zinc

was down 0.7%, lead lost 1%, nickel

fell 1.1% and tin lost 1.1%.

($1 = 6.7820 Chinese yuan)