[MARKET ANALYSIS] Oil futures remain afloat after gaining yesterday as the US-Iran MoU expired, while Trump rejected an extension of the truce and threatened to bomb US ally Oman

WTI/Brent: WTI Oct'26 +0.4% / Brent +0.2% Oil futures remain afloat after gaining yesterday as the US-Iran MoU expired and with Trump rejecting a truce extension. Trump also threatened to bomb US ally Oman if it 'gets in the way', while Iran decided to shift its policy from defensive to a 'fully offensive' one and is said to have set a deadline of a few weeks for implementation of the MoU by the US. Gold: -0.3% Pulled back following the prior day's advances and tests the USD 4,400/oz level to the downside, while the dollar trades indecisively as participants await the FOMC Minutes on Wednesday. Copper: -0.6% Demand is subdued amid the mixed risk appetite and recent disappointing Chinese activity data.