APTOPIX Lebanon Israel Iran War
Mourners carry the coffin of Palestinian fighter Hozeifa Hamza Ghannamieh, who was killed alongside Ibrahim Anwar al-Khalayli while fighting alongside Hezbollah against Israel in southern Lebanon, during their funeral procession as children watch from behind a fence in Beirut, Lebanon, Tuesday, April 28, 2026.
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The United Arab Emirates has announced it will leave OPEC and the OPEC+ group, effective May 1. Analysts say this could lead to more volatility in the global oil market, as the UAE was one of the few OPEC members with the capacity to quickly increase production. The UAE's exit signals a shift in regional cooperation dynamics, and comes amid chilly relations between the UAE and Saudi Arabia. While the announcement won’t have an immediate impact on world oil supplies that are constrained by the war in Iran and the closure of the Strait of Hormuz, it could help lower oil prices after the war if the UAE boosts its production capacity.
Defense Secretary Pete Hegseth faced nearly six hours of questioning Wednesday from House lawmakers for the first time since President Donald Trump’s administration launched the war against Iran. Democrats have contested the war as a costly conflict of choice waged without congressional approval. He’ll return tomorrow to face the Senate. Trump, meanwhile, told Axios that he’s rejecting Iran’s proposal to reopen the Strait of Hormuz in exchange for a lift of the U.S. blockade — a plan that would postpone discussions of Iran’s nuclear program. Until now, Hegseth has avoided public questioning from lawmakers about the war, although he and Chairman of the Joint Chiefs of Staff Gen. Dan Caine have held televised Pentagon briefings.
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