UAE exits OPEC; Gas prices spike to highest in ~4 years
April 28, 2026
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0:24Taliban alleges Pakistani strike hit university; Pakistan denies attacks
8:59Now PlayingUAE exits OPEC; Gas prices spike to highest in ~4 years
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as posted by the channelThe United Arab Emirates will withdraw from the Organization of the Petroleum Exporting Countries (OPEC) this week, as the Iran war roils global energy markets. Meanwhile, the global oil price climbed above $110 a barrel for the first time in three weeks today, as worries grow that delays in fully reopening the vital Strait of Hormuz pose mounting risks to global oil supply.
CNN’s Eleni Giokos has the story while CNN Business editor-at-large Richard Quest shows why he thinks economic conditions will remain weak.
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#OPEC #UAE #News
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