[MARKET ANALYSIS] Oil pulled back following Trump's announcement to postpone Tuesday's planned strike on Iran

WTI/Brent: WTI Jul'26 -1.8% / Brent Jul'26 -2.3%Oil futures are lower following the prior day's choppy mood owing to mixed geopolitical headlines, although the main highlight was the announcement by US President Trump that the US will not conduct the attack on Iran that was planned for Tuesday following a request by Saudi Arabia, Qatar and the UAE, with serious negotiations now taking place.Gold: FlatLacks direction following its recent range-bound performance beneath the USD 4,600/oz level.Copper: -0.3%Price action remains subdued with demand constrained amid the mixed risk appetite.