[MARKET ANALYSIS] Oil futures slumped after US halted its strikes on Iran over the weekend

WTI/Brent: WTI Oct'26 -3.9% / Brent Sep'26 -4.5%Oil futures slumped at the open and dipped beneath USD 90/bbl after the US halted strikes on Iran over the weekend, although prices are off their worst levels amid ongoing supply risks, with ship traffic ​through the Bab el-Mandeb declining after Yemeni Houthis attacked Saudi Aramco facilities in Saudi’s Jizan and Yanbu.Gold: +1.3%Steadily climbed with the precious metal returning to back above USD 4,100/oz as the dollar weakened and yields declined alongside lower oil prices.Copper: +0.3%Eked mild gains albeit with the upside capped amid the mostly positive but choppy risk appetite.