EU diplomats expect approval of a new package of sanctions against Russia on Wednesday.

The 10-year French-German government bond yield spread narrowed to 135 bps.

Speaking at a campaign rally in Grand Island, Nebraska, Trump said higher pump prices are a "small price" to pay for maintaining world and national security. He claimed current oil prices are lower than under the Biden administration and said gasoline would fall below $1.85 per gallon (≈3.8 liters) "in a very short time," possibly before or shortly after the Nov. 3 midterm elections. He reiterated the U.S. will not allow Iran to acquire nuclear weapons.