[MARKET ANALYSIS] Oil futures trade sideways after sliding yesterday amid ongoing efforts for a US-Iran peace deal

WTI/Brent: WTI Jul'26 -0.1% / Brent Aug'26 +0.3%

• Oil trades sideways with demand constrained after prices fell yesterday due to ongoing mediation efforts towards a US–Iran peace deal following recent flare-ups and retaliatory strikes, while Trump stated that the US is "in the middle of my final negotiations to end the War".

Gold: -0.6%

• Resumed the recent pullback from the USD 4,500/oz level amid the broad selling across the metals complex.

Copper: -1.4%

• Continued to trickle lower alongside the mostly downbeat overnight risk sentiment.