[MARKET ANALYSIS] Oil prices remain firmer after gaining amid geopolitical risks surrounding Iran

WTI/Brent: WTI Mar'26 +0.9% / Brent Apr'26 +0.7%

• Oil prices remain firmer after gaining yesterday alongside punchy Trump rhetoric on Iran and with sources noting that Trump is considering a new large-scale strike on Iran, while the latest EIA inventory report also showed a larger-than-expected draw in headline crude stockpiles.

Gold: +2.3%

• Resumed its stellar rally and climbed to a fresh record high just shy of the USD 5600/oz level, with momentum seen in the aftermath of the FOMC despite the lack of major surprises from the Fed.

Copper: +0.6%

• Trades higher but is off the prior day's best levels after returning from the USD 6/lb level and amid the mostly subdued overnight risk tone.