Sources say Italy has set a 2028 debt-to-GDP ratio target at 137.9%.

ECB governing council member Rehn said higher long-term rates will slow economic growth and reduce the pass-through of energy shocks to prices and wages.

UN spokesperson Dujarric said on Oct. 1 the situation around the Strait of Hormuz is worrying and US‑Iran diplomatic contacts have been relatively quiet. The UN urged both sides to pursue talks under mediation by Qatar and Pakistan. US officials said on Sept. 30 that Sept. 28 negotiations had stalled and that US Secretary of State Rubio asked the Iranian delegation attending the UN General Assembly to leave the United States immediately. Dujarric said the UN does not impose a uniform departure deadline after the General Assembly and that diplomats with UN business should be permitted to remain to carry out that work.