US Market Open: US equity futures lower; Brent continues to slide with focus on ships traversing the Strait

Iranian Deputy Foreign Minister said the safe passage through the Strait of Hormuz without consideration of Iran's sovereignty is not guaranteed. This follows an Iranian strike on a Singapore-flagged cargo ship after failing to follow the set route.US President Trump said we have a new market coming up called Iran and added that Iran wants to make a deal with us very badly and thinks they will make a deal.US equity futures are softer, with the NQ underperforming after further tech selloff in South Korea.DXY continues to pull back but remains firmly above the 100.00 handle; G10s are broadly firmer with the EUR outperforming.Fixed income benchmarks are off best levels as the haven bid returns to bonds.Energy benchmarks continue to fall despite the recent strike on the Singapore cargo ship.Looking ahead, highlights include US Goods Trade Balance Advance (May), Wholesale Inventories (May), UoM Sentiment Final (Jun), Speakers including Kashkari, ECB's Vujcic, RBNZ's Bremen and Norges Bank's Bache.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk