EU Market Open: Energy benchmarks towards lows, Europe set for muted open with markets tentative into Fed announcement

The US will allow Iran to immediately begin selling oil and fuel under the deal to end the war, offering Tehran an early financial incentive to wind down the conflict, WSJ reports, citing sources.Iran and Oman are already talking about how they will manage the Strait of Hormuz, as laid out in one of the reported points. They want to charge a "fee" for the management "services”, NYP reports, citing sources.IDF is prepared to stay in southern Lebanon for a significant period, Kann News reports. Reports of artillery shelling have continued in southern Lebanon.The US delayed the blacklisting of China's DeepSeek and over 100 Chinese firms deemed national security risks, to avoid escalating tensions with Beijing, Reuters reports, citing sources.APAC stocks were mixed, whilst US equity futures are indicative of a slightly weaker open.DXY trades tentatively as markets await today’s Fed policy decision, and the debut of Chair Warsh; CHF incrementally leads, whilst the Kiwi lags.Looking ahead, highlights include UK Inflation Report (May), ECB Wage Tracker (Jun), EU Inflation Final (May), US Retail Sales (May), Atlanta Fed GDP (Q2), New Zealand GDP (Q1), Riksbank Policy Announcement, Fed Policy Announcement, BCB Policy Announcement, IEA OMR. Speakers include ECB's Cipollone & Lagarde, Riksbank's Thedeen & Fed's Warsh. Supply from Australia & Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk