[MARKET ANALYSIS) Oil futures remain underpinned after further US-Iran strikes and with Trump said to be leaning towards expanding US military operations in Iran
Newsquawk Staff ·
WTI/Brent: WTI Aug'26 +0.6% / Brent Sep'26 +0.4%
- Oil prices remain underpinned as US-Iran strikes continued, and President Trump said to be leaning toward expanding US military operations in Iran after days of briefings from top aides.
Gold: -0.7%
- Faded yesterday's gains with this week's price action choppy amid upside in oil prices and softer US inflation data.
Copper: +0.1%
- Lacks conviction amid the mixed risk appetite and following softer-than-expected Chinese lending data.
- Newsquawk Daily European Opening News - 21st October 2026
- Israeli PM Netanyahu is pushing to resume major strikes on Iran, but a planned October 10th offensive was halted amid Trump's opposition ahead of the US midterms, FT reports
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- [MARKET ANALYSIS] Complex capped by energy; T-notes dip after Tuesday's bull-flattening
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