EU Market Open: Europe primed for a lower open amid weak APAC lead and continued Oil strength

US President Trump reiterated US control of the Strait of Hormuz, and that Iran wants to make a deal, but also stated that Iran won't make the deal he thinks is necessary and he is not seeking an extension of the Iran MoU.An understanding to extend the ceasefire between the US and Iran under the Islamabad MoU has been reached and agreed in principle, according to Pakistani journalist Anas Malick.US President Trump said he doesn't think Oman behaves very well, while he said they would handle them very easily.UKMTO said it received a report of an incident in the Strait of Hormuz, where a vessel was struck by an unknown projectile while conducting an outbound transit of the Strait of Hormuz.APAC stocks mostly declined following the weak lead from Wall Street, Crude futures were kept afloat, European equity futures indicate a lower cash market open.Looking ahead, highlights include UK Jobs Report (Jun), Average Earnings (Jun), EU/German ZEW Economic Sentiment Index (Aug), US ADP Employment Change Weekly, Import/Export Prices (Jul), Housing Starts (Jul), Industrial/Manufacturing Production (Jul), Atlanta Fed GDP (Q3). Comments from ECB's Lane. Supply from UK. Earnings from Home Depot & Baidu.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk