[MARKET ANALYSIS] Oil futures paused overnight amid a lack of major new developments and after extending on gains yesterday

WTI/Brent: WTI Oct'26 -0.1% / Brent Oct'26 Flat Oil futures are little changed overnight amid a lack of major fresh developments and as the crude benchmarks take a breather after extending on gains yesterday as US/Iran relations showed no sign of improving, with Trump said to have told his negotiating team that the chances of an agreement with Iran have become slim and ordered a freeze on negotiations with Iran for several weeks, while Yemeni Houthis were reported to be preparing to enter a new phase of escalation against Saudi Arabia. Gold: +0.1% Lacks conviction after the recent choppy performance, but remains above the USD 4,500/oz level. Copper: +1.1% Edges higher overnight amid the somewhat gradual improvement in risk sentiment in Asia-Pac.