Step 1: The Heisenberg uncertainty relation for conjugate variables position and momentum is
\[\Delta x\,\Delta p \ge \frac{\hbar}{2}.\]
Step 2: A phase-space cell (area in the \(x\)-\(p\) plane) has size \(\Delta x\,\Delta p\), so its minimum value is set by the equality.
Step 3: The minimum-uncertainty state (a Gaussian, exactly the ground state of the harmonic oscillator) saturates this bound.
Step 4: Hence the smallest phase-space volume the oscillator can occupy is
\[\boxed{\dfrac{\hbar}{2}}\]