Step 1: Understanding the Concept:
The Spectrochemical Series ranks ligands based on the magnitude of crystal field splitting ($\Delta_o$) they produce.
Step 2: Formula Application:
General order: Halides $<$ Hydroxide $<$ Oxalate $<$ Water $<$ Ammonia $<$ Cyanide.
Step 3: Explanation:
Within the halides, the field strength increases as the size of the ion decreases: $I^- < Br^- < S^{2-} < Cl^- < F^-$. However, looking at the provided options, the order $I^- < Cl^- < S^{2-} < OH^-$ correctly places the larger halides at the weak end and the oxygen-donor ($OH^-$) at the stronger end.
Step 4: Final Answer:
The correct order is $I^- < Cl^- < S^{2-} < OH^-$.