[MARKET ANALYSIS] Oil futures slightly pulled back after gaining yesterday as the Iran conflict continues to drag out

WTI/Brent: WTI Oct'26 -0.6% / Brent Nov'26 -0.4% Oil prices slightly pulled back overnight after gaining yesterday as the US-Iran conflict continues to show no signs of improvement, as the Trump administration has repeatedly told mediators it has no interest in going back to the terms of the MoU it reached with Iran in June, with Trump willing to wait and see if squeezing Iran economically bears fruit. Furthermore, there was a lack of major fresh developments to spur oil prices, although it was reported that Venezuela was mulling leaving OPEC. Gold: -0.6% Trickled lower with the precious metal back beneath the USD 4,600/oz level following recent choppy price action and an ultimately flat dollar as participants await Fed Chair Warsh's Jackson Hole speech. Copper: +0.1% Trades little changed amid the mixed sentiment seen across risk assets.