[MARKET ANALYSIS] Oil prices are contained after recent two-way trade and slew of geopolitical updates

WTI/Brent: WTI Sep'26 -0.2% / Brent Sep'26 -0.7%Oil prices are marginally lower in range-bound trade after the prior day's two-way price action and the ongoing slew of geopolitical updates, including continued US-Iran strikes, and with some tankers being hit in the Strait of Hormuz. It was also reported that US President Trump is approaching a crucial crossroads in the Iran war, with officials claiming there are only two realistic options, which are either to pursue a new 10-day ceasefire, or launch a full-scale war on Iran.Gold: +0.4%Eked out mild gains after finding support at the USD 4,000/oz level and following the recent rebound in silver from a YTD low.Copper: +0.4%Remained afloat after yesterday's gradual ascent, but with price action contained amid the mixed risk appetite.