EU Market Open: President Trump was reportedly briefed on "all out war options", but opted to stick to talks; DXY awaits Fed Chair Warsh

US President Trump was briefed on all-out war options on Iran, but opted to stick with talks, while he told aides he's okay if talks go past the August 18th deadline, WSJ reported. However, VP Vance said Trump is ready to drop bombs again.A US official said ships are transiting the Strait of Hormuz at higher levels.Iran's Foreign Ministry Spokesperson said the meeting on Wednesday in Doha will primarily focus on the release of blocked funds and the ceasefire in Lebanon. A US admin official, cited by the NYP, suggested the US has not released any frozen funds, and will not until Tehran “performs”.APAC stocks were mixed, with outperformance in the Nikkei 225 after a solid Tankan survey; European equity futures are indicative of a slightly weaker open.DXY is mildly firmer into Fed Chair Warsh today; USD/JPY holds around 162.70, with top FX diplomat Mimura the latest to jawbone.Looking ahead, highlights include Global S&P Manufacturing PMI Final (Jun), EU Inflation Prelim. (Jun), US Challenger Job Cuts (Jun), ADP Employment Change (Jun), ISM Manufacturing PMI (Jun), Atlanta Fed GDP (Q2). Supply from the UK & Germany.Speakers include ECB's Vujcic, Cipollone, Lane & Lagarde, Fed's Warsh, BoE's Bailey, BoC's Macklem.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk