South Korea's finance minister expects economic growth this year to reach 3%.

Kpler data show average crude transits through the Strait of Hormuz were 10.3 mln bpd over the past seven days, about 76% of the pre-war baseline. Refined product flows (gasoline and diesel) totaled only 1.3 mln bpd, roughly 11% of shipments versus >20% pre-war, signalling sustained diesel tightness. Sources say U.S. oil industry executives have urged the U.S. Navy to prioritise escorting product tankers carrying diesel over crude tankers because crude prices are roughly half those of diesel. So far most U.S.-escorted vessels have been VLCCs (~2 mln-barrel capacity), about double the capacity of the largest product tankers.

U.S. 3-month Treasury bill auction through Oct. 5: percentage allocated at the winning yield 21.3%, prior 61.14%.