[MARKET ANALYSIS] Oil prices remain subdued amid lingering effects of US-Iran progress and Iran oil sanctions waiver

WTI/Brent: WTI Aug'26 -0.7% / Brent Aug'26 -0.7%

• Remained subdued amid the residual effects of recent US-Iran progress and sanctions relief for Iranian oil, but with the downside contained in the absence of fresh market-moving catalysts.

Gold: -0.8%

• Continued to trickle lower with the precious metal dipping beneath the USD 4,100/oz level, following recent dollar strength and current hawkish Fed outlook.

Copper: -0.4%

• Languishes near a monthly low after suffering alongside yesterday's tech sell-off and with the overnight rebound proving to be somewhat flimsy.