[MARKET ANALYSIS] Oil futures are contained after recent gains and amid uncertainty regarding US-Iran talks on Tuesday
US President Trump's envoys Kushner and Witkoff are flying to Doha for talks, while Iran says Doha mission is focused on ceasefire compliance and are not there for talks with the US, according to NYT
Iraq ambassador to Russia tells TASS that Iraq is ready to host US-Iran talks
[MARKET ANALYSIS] Oil futures are contained after recent gains and amid uncertainty regarding US-Iran talks on Tuesday
China scrutinises issuance of USD-denominated bonds yielding over 5% and scrutinised sales of offshore yuan-denominated bonds yielding over 4%, according to Bloomberg
Saudi Foreign Minister arrives in China for bilateral and regional talks
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WTI/Brent: WTI Aug'26 -0.6% / Brent Sep'26 -0.5%
- Oil futures are contained following the prior day's gains, which were spurred by the tit-for-tat strikes over the weekend, with price action restricted overnight amid uncertainty regarding US-Iran talks on Tuesday. The US is insisting that the talks will occur, although the Iranian side has denied this, while it was reported that talks between the two sides are to likely be held in an indirect manner through Pakistani and Qatari mediators.
Gold: -1.2%
- Declined in tandem with the pressure in silver and with selling exacerbated on a break beneath the USD 4,000/oz level.
Copper: -0.1%
- Trades indecisively amid the mixed and choppy risk sentiment, despite the stronger-than-expected Chinese official PMI data.
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