According to CoinMeta, OPEC's crude oil production rebounded significantly in October, returning to 88% of pre-war levels. The survey shows that OPEC's daily crude oil production increased by 930,000 barrels in October, reaching 22.8 million barrels, with Saudi Arabia, as the leading member, contributing the majority of this increase. Despite the ongoing conflict between the United States and Iran, Saudi Arabia is gradually resuming the transportation of oil tankers through the Strait of Hormuz. The production increases from Iraq and Kuwait were offset by declines in production from Nigeria and Iran, with Iran's daily crude oil production dropping to its lowest level in at least 30 years. OPEC's restored supply has helped international oil prices fall from their highs last month, bringing hope for alleviating the pressure of high fuel costs on the global economy.