[MARKET ANALYSIS] Oil futures tumble and metal prices rally following the ceasefire announcement

WTI/Brent: WTI May'26 -13.8% / Brent June'26 -12.7%

• Oil prices tumbled beneath the USD 100/bbl level following the announcement of a two-week US-Iran ceasefire within a couple of hours prior to Preisdent Trump's deadline.

Gold: +2.2%

• Rallied back above the USD 4,800/oz level as oil, the dollar and yields retreated on the two-week ceasefire announcement.

Copper: +2.6%

• Climbed higher amid the widespread risk-on mood with a relief rally spurred by the ceasefire agreement.