OPEC oil production plummeted in May to its lowest level in over two decades, according to a Reuters survey. This significant decrease is directly linked to a US naval blockade impacting Iranian oil exports. Simultaneously, Iran’s actions effectively restricting passage through the Strait of Hormuz severely curtailed exports from other Gulf nations. The combined effect of these disruptions has dramatically reduced overall OPEC output. The survey indicates a substantial decline in available oil supply from the organization. Industry analysts are closely monitoring the situation for potential impacts on global oil prices and energy security. The blockade and Hormuz Strait restrictions represent a major geopolitical factor influencing the oil market.