[MARKET ANALYSIS] Oil futures are kept afloat in rangebound trade amid ongoing geopolitical uncertainty, while Trump announced the most crushing economic operation against Iran

WTI/Brent: WTI Oct'26 +0.4% / Brent Oct'26 +0.6% Oil futures are kept afloat in rangebound trade amid the ongoing geopolitical uncertainty and with US President Trump announcing to conduct "the MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY! This will be Economic Warfare and Isolation on an unprecedented scale" against Iran, while US officials also claimed that the military has quietly established a shipping corridor in and out of the Strait of Hormuz to transport millions of barrels of oil each day. Gold: -0.8% Pulled back overnight and returned to beneath the USD 4,500/oz level, but holds on to most of the prior day's spoils after surging yesterday alongside a weaker dollar and softer yields. Copper: -0.3% Lacks demand following the recent sideways performance despite the advances in risk assets.