China's September RatingDog services and manufacturing PMIs due in 10 minutes.

The Financial Times reports mediators are pressing to restart U.S.-Iran talks. After mediation between U.S. and Iranian officials on Monday, mediators expect to deliver a revised interim agreement to Iran on Tuesday under which Iran would allow free passage through the Strait of Hormuz and the U.S. would lift a blockade on Iranian ports. The draft links those moves to follow-up measures including U.S. restoration of oil waivers, permission for Iran to sell oil and limited access to frozen overseas assets, and arrangements to allow IAEA inspectors to return; officials said talks have progressed but parties are still bargaining over the sequencing of implementation.

U.S. Vice President Vance said that based on available evidence Mujtaba Khamenei remains alive. Iranian officials opposed attacks on ships but failed to persuade hardliners.