According to a report from CoinWorld, Saudi Arabia has repeatedly accused other member countries of overproduction, but last month its crude oil output was far above the OPEC+ quota. The country raised its daily production by about 700,000 barrels, reaching a daily output of 9.8 million barrels. The International Energy Agency stated in its monthly report that last month, during the war between Israel and Iran, other producing countries exceeding their quotas included Iraq, Kuwait, and the United Arab Emirates. Meanwhile, Iran's production fell by 400,000 barrels per day. The increase in production conflicts with a significant surplus in the global oil market, putting pressure on prices that have already dropped about 13% since mid-June. The International Energy Agency remarked, 'Oil demand has significantly slowed in recent months, especially in developing countries.' — The shift in the UK bond market has brought additional trouble for Prime Minister Keir Starmer and Chancellor of the Exchequer Rachel Reeves. Central banks and financial oversight bodies warned this week that structural changes in demand have occurred, with hedge funds and foreign investors playing a larger role, leading to greater volatility risks for gilt-edged bonds. As these changes unfold, Starmer and Reeves have directly linked economic policy with the trajectory of yields.