[MARKET ANALYSIS] Oil futures mildly rebound overnight after retreating yesterday despite the US announcing sanctions on Iran, while an oil tanker was hit off Oman

WTI/Brent: WTI Oct'26 +0.8% / Brent Nov'26 +0.5% Oil prices were indecisive but ultimately rebounded after declining yesterday despite the US announcing Economic D-Day sanctions on Iran, while there were reports overnight that an oil tanker was struck by an unknown projectile off Oman, which caused damage to the engine room and disabled the vessel. Gold: -0.1% Initially extended on gains, but then pulled back from resistance just shy of the USD 4,700/oz level as yields and oil prices mildly rebounded. Copper: -0.1% Trades sideways with demand constrained by the mostly subdued risk appetite.