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World · 22 July 2026

Oil prices jump 4% as Rubio says Iran “not serious”

Oil prices jump 4% as Rubio says Iran “not serious”

Gage Skidmore via Wikimedia Commons (CC-BY-SA-3.0)

Global oil prices rose on Wednesday after the US carried out its eleventh night of strikes against Iran. America will continue to safeguard shipping in the Strait of Hormuz, a vital oil route, according to US Secretary of State Marco Rubio. He also said Iran doesn't seem serious about a deal, having broken a recent agreement.

Reported by CNBC · How we write briefs

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