European equity markets were set for a muted open on Friday as oil prices eased amid signs that supply risks are diminishing. US President Donald Trump said Washington is not considering the deployment of ground troops against Iran, while Treasury Secretary Scott Bessent indicated that officials are weighing the possibility of lifting sanctions on Iranian oil. Israeli Prime Minister Benjamin Netanyahu also stated that Israel would refrain from further strikes on Iranian energy infrastructure. Meanwhile, leaders from the UK, France, Germany, Italy, the Netherlands, Japan, and Canada signaled their readiness to support efforts to ensure safe passage through the Strait of Hormuz. On Thursday, European stocks declined after both the European Central Bank and the Bank of England left policy rates unchanged but warned of rising inflation risks. In premarket trading, Euro Stoxx 50 futures were little changed.