[MARKET ANALYSIS) Oil prices remain underpinned as the Iran conflict entered a fourth day
Importance
Level 1
WTI/Brent: WTI Apr'25 +1.0% / Brent May'26 +1.4%
- Oil futures remain underpinned as the Iran conflict entered a fourth day, with the IRGC threatening to attack any ship trying to pass through the Strait of Hormuz, while US President Trump warned of larger strikes against Iran.
Gold: +0.6%
- Rose but with gains capped amid fluctuations in silver and as the dollar held on to recent spoils.
Copper: +0.1%
- Trades indecisively with an early rebound thwarted by resistance around the USD 6/lb level and amid the downbeat risk sentiment.
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