[MARKET ANALYSIS] Oil prices are kept afloat in range-bound trade amid a lack of fresh major geopolitical developments, while US VP Vance downplayed the Iran conflict and wouldn't call it a war

WTI/Brent: WTI Oct'26 +0.7% / Brent Nov'26 +0.5% Oil prices are kept afloat but with gains capped following the previous day's two-way trade and with a lack of major new geopolitical developments, while US VP Vance said during a White House briefing that he would not call the Iran operation a war and declined to offer a timeline for an end to the conflict. Gold: +0.2% Takes a breather after extending its rebound yesterday to briefly return to above the USD 4,500/oz level amid a weaker dollar, while attention turns to the latest US jobs data to provide potential clues on Fed policy. Copper: +0.4% Gradually edged higher with prices mildly supported alongside the positive risk sentiment.