US Market Open: Equities lacklustre with catalysts light, USD weakens despite firmer Oil prices

US Treasury Secretary Bessent said they will implement unprecedented measures on Iran and are conducting a maximum pressure campaign against Iran.UKMTO said a tanker was struck by a drone while transiting outbound through the Strait of Hormuz. This comes following comments by UAE's ADNOC saying two of its vessels were attacked on Thursday.US equity futures are muted amid light volume in the summer period.DXY weakens despite firmer energy prices (Brent +0.9%).Fixed income benchmarks continue to fall; Gilts are unreactive as Farage wins the Clacton by-election.Looking ahead, highlights include US Retail Sales (Jul), University of Michigan Prelim. (Aug), Atlanta Fed GDP (Q3), Fitch Credit Rating update on the UK.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk