US Market Open: Oil and USD a touch firmer, awaiting potential US-Iran/Oman-Iran agreements

Iran and Oman have agreed on the broad framework for Strait of Hormuz reopening talks, Al Arabiya sources report. An announcement could come in days but the agreement still needs the approval of Iran's National Security Council.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.US equity futures are mixed, with NQ underperforming as SanDisk falls as revenue guidance missed estimates.DXY muted; SEK benefits from hotter-than-expected inflation.Fixed income benchmarks in modestly narrow ranges; Crude benchmarks are essentially flat, with focus remaining on a potential Hormuz announcement.Looking ahead, highlights include US Initial Jobless Claims (Aug/01), Revelio PLS (Jul), Atlanta Fed GDP (Q3), CNB Policy Announcement (Aug), Banxico Policy Announcement (Aug). Speakers include Fed's Musalem. Earnings from ConocoPhillips & Fiserv.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk