Watch CBS News

Strait of Hormuz in limbo as UAE says its leaving OPEC

Name: Strait of Hormuz in limbo as UAE says its leaving OPEC
Uploaded: 2026-04-28T10:20:00-0400
Duration: 3 min 51 s
Description: The Strait of Hormuz remains in limbo amid Iran's latest offer to reach a deal with the U.S. Meanwhile, the United Arab Emirates announced its exit from the Organization of the Petroleum Exporting Countries (OPEC), effective May 1. CBS News' Ramy Inocencio has more.

The Strait of Hormuz remains in limbo amid Iran's latest offer to reach a deal with the U.S. Meanwhile, the United Arab Emirates announced its exit from the Organization of the Petroleum Exporting Countries (OPEC), effective May 1. CBS News' Ramy Inocencio has more.