Event Brief
Oil prices jump 4% after Rubio says Iran not serious
Filed: Jul 22, 2026 at 5:00 AM ET
Summary: Oil prices rose nearly 4% as Marco Rubio said Iran is not serious about peace talks and Strait of Hormuz remains a sticking point.
WHO: Marco Rubio
WHAT: Rubio said Iran is not serious about talks and accused Tehran of violating an agreement over the Strait of Hormuz.
WHEN: Jul 22, 2026 at 4:56 AM ET
WHERE: Philippines
WHY: Cause not yet established.
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