OPEC Oil Output Hits Lowest Level Since 2000 Amid Iran Sanctions

OPEC oil production has fallen to its lowest level since at least 2000 as US sanctions continue to restrict Iranian oil exports, according to a Reuters survey. The reduced supply could impact global energy markets and inflation expectations. Oil supply constraints typically strengthen commodity-linked currencies like CAD and NOK while pressuring oil-importing nations' currencies. Higher oil prices could also influence central bank policy decisions regarding inflation control.