[MARKET ANALYSIS] Oil futures remain afloat with Trump vowing to hit Iran hard in response to its retaliation

WTI/Brent: WTI Oct'26 +0.8% / Brent Nobv'26 +0.5% Oil prices remain underpinned after gaining yesterday on the US-Iran geopolitical flare-up and with US President Trump vowing to hit Iran hard in response to Iran's retaliation, while there were also reports that a Saudi VLCC stopped after it was struck by projectiles in the Strait of Hormuz. Gold: -0.1% Prices are little changed beneath the USD 4,500/oz level after the prior day's uneventful performance, alongside the recent upside in yields and softer dollar. Copper: +0.6% Gradually edged higher despite the mostly subdued overnight mood, although the latest Chinese RatingDog Manufacturing PMI data provides some encouragement and shows the 10th consecutive month of expansion.