[MARKET ANALYSIS] Oil prices continued to edge higher as Trump's deadline on Iran looms

WTI/Brent: WTI May'26 +2.6% / Brent June'26 +1.4%

• Oil extended its gains heading closer to Trump's Tuesday evening deadline for Iran, with WTI crude futures climbing above the USD 115/bbl, while strikes continued overnight across Iran and its regional neighbours, with an Iranian adviser threatening that US allies will return to the stone age if Trump does not surrender.

Gold: -0.5%

• Retreated amid headwinds from higher oil prices and a firmer dollar.

Copper: +0.3%

• Trades rangebound amid the ultimately mixed risk appetite, with participants cautious as the Trump deadline looms.