EU Market Open: Crude benchmarks continue to slip despite halts to the Hormuz evacuation plan; European equities are set to open lower

Iran attacked a Singapore-flagged cargo ship on Thursday in the Strait of Hormuz, WSJ reported, citing sources. Separately, the UN shipping agency temporarily paused its evacuation plan for stranded ships and seafarers out of Hormuz after the attack.Iran's PGSA said vessels outside PGSA-set routes will not be guaranteed safe passage.APAC stocks were broadly on the backfoot, with hefty declines in the tech-heavy KOSPI; European equity futures are indicative of a weak open.DXY trades with incremental losses; USD/JPY continues to hold around the 160.60 level.Looking ahead, highlights include Swedish PPI (May), US Goods Trade Balance Advance (May), Wholesale Inventories (May), UoM Sentiment Final (Jun), ECB CES (May), Speakers including Kashkari, ECB's Nagel & Vujcic, RBNZ's Bremen, Norges Bank's Bache, and Supply from Italy.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk