EU Market Open: Europe primed for a flat open with Crude seeing two-way action

US VP Vance said negotiations with Iran will take some time and that talks with Iran were 'messy', but will land in a 'good' place for the US.Iran's Deputy Foreign Minister said an understanding with Oman does not mean opening the Strait of Hormuz.Yemeni Houthis announced they targeted a Saudi oil vessel in the Gulf of Aden.Crude futures saw two-way trade and attempted to nurse some of the recent losses, in which Brent crude briefly returned to the USD 80/bbl territory.APAC stocks traded mostly lower following a similar performance stateside; European equity futures indicate a mildly positive cash market open.Looking ahead, highlights include Swedish Inflation (Jul), German Factory Orders (Jun), US Challenger Job Cuts (Jul), Initial Jobless Claims (Aug/01), Revelio PLS (Jul), Atlanta Fed GDP (Q3), CNB Policy Announcement (Aug), Banxico Policy Announcement (Aug). Speakers include Fed's Daly & Musalem. Supply from Spain & France. Earnings from ConocoPhillips, Fiserv, Rheinmetall, Merck & Diageo.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk