[MARKET ANALYSIS] Oil retreats on hopes regarding US-Iran talks as the sides could be headed for another in-person meeting this week

WTI/Brent: WTI Jun'26 -1.9% / Brent Jun'26 -1.6%Oil prices are lower as they continued to pull back from the initial spike seen at this week's open, while the retreat coincided with some optimism regarding US-Iran talks, as the sides could be headed towards another round of face-to-face discussions, which could happen on Thursday.Gold: +0.5%Continued to edge higher after recouping recent losses and with upside facilitated as the dollar lost steam.Copper: +0.%%Remains afloat after advancing as risk sentiment improved throughout US trade on optimism about US-Iran talks.