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[MARKET ANALYSIS] Oil futures remained subdued after slumping on US/Iran pause and with Trump flagging 'very friendly' US-Iran talks

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Oil prices remain subdued due to U.S.-Iran strike pauses and President Trump's optimistic talk of a deal. Meanwhile, gold and copper are retreating amid a broad semiconductor-led risk-off market tone.

News detail

WTI/Brent: WTI Sep'26 -0.8% / Brent Oct' -0.6%Oil prices remained subdued after slumping due to the pause in strikes between the US and Iran, while President Trump commented that Iran is talking to the US about making a deal right now and very friendly talks are ongoing.Gold: -0.8%Continued its pullback from the USD 4,100/oz level as metal prices were hit alongside the broad risk-off tone.Copper: -0.6%Faded the prior day's gains as risk sentiment was spooked alongside the sell-off in semiconductor stocks.

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