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strikeJul 22, 2026

Rubio says US still willing to negotiate over Iran crisis

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US Secretary of State Marco Rubio has said the United States is still willing to negotiate an end to the Iran crisis but Tehran is not serious about talks, as the widening conflict disrupted two of the world's most critical energy chokepoints. Mr Rubio made his comments in a meeting of Southeast Asian foreign ministers a day after three oil tankers carrying Saudi crude to Asia reversed course in the Red Sea, apparently in response to threats from Yemen's Iran-aligned Houthis. The Houthis, who control the coast at the mouth of the Red Sea, announced a naval blockade on Saudi Arabia on Monday, opening a potential new front in the war which has killed thousands of people across the Gulf since it began on 28 February with US and Israeli attacks on Iran. With Iran already threatening shipping through the Strait of Hormuz leading out of the Gulf, the Red Sea has served as the main alternate route out for millions of barrels of Saudi oil per day. A senior Iranian official told Reuters on Monday that Tehran had received a proposal from mediators for a 10-day ceasefire in efforts to salvage the interim ceasefire agreement signed by the US and Iran in June, which replaced an earlier April ceasefire. In another sign that diplomacy remains alive, Iran's Interior Minister Eskandar Momeni has visited mediator Pakistan and asked Islamabad to continue its efforts. Mr Rubio said Washington was "always committed to diplomacy" but doubted whether Tehran was equally committed to negotiations. "The problem we're having right now is that they're not serious about talks. If they're serious, we're serious. If they're not, then we will do what's necessary to protect our interests, and also the interests of our allies," Mr Rubio said in Manila. He stressed that Iran could not be allowed to control the Strait of Hormuz, arguing it would create a dangerous precedent for the world including Southeast Asian countries, many of which have territorial disputes in the South China Sea with China. "If we create a precedent in the Middle East where a nation state can decide that they are going to control an international waterway, charge a toll, and if you don't pay them blow up your ships, we have created a very dangerous precedent, which will repeat itself in other parts of the world, including in this region," Mr Rubio said. With no diplomatic breakthrough in sight, the US military bombed targets across Iran for an 11th straight night. Tehran residents reported hearing explosions in the early hours of this morning as Iran activated its air defences over the capital, Iran's semi-official Fars news agency said. Explosions were also reported in the southeastern coastal cities of Chabahar and Konarak, and two blasts were heard in Bushehr, home to Iran's only nuclear power plant, Iran's official IRNA news agency reported. Earlier, Iran targeted U.S. military sites in Bahrain, Kuwait and Jordan and a tanker was hit in the Strait of Hormuz. Iran said it had struck infrastructure belonging to Amazon in Bahrain, where the US tech company operates a regional data centre. Amazon did not comment and Reuters could not verify the report. US President Donald Trump confirmed that 18 US servicemembers had been killed so far in the war, including four in Iranian attacks on US military bases in Jordan and Iraq over the last few days. Oil prices rose further in Asian trade today after climbing more than 2% on Tuesday following the Houthi threats, with Brent crude hovering above $91 a barrel. 'Gate of Tears' In a letter to shippers, the Houthis threatened to attack any ships that load or discharge Saudi oil. Mr Trump said the Houthis had not yet shut the Bab el-Mandeb, the "Gate of Tears" strait leading into the Red Sea, and threatened to act against them if they did. "So far it hasn't happened," Mr Trump said. "If something like that happens, we take care of it." Three oil tankers loaded with Saudi crude for China and India made U-turns in the Red Sea on Tuesday, heading towards the Suez Canal rather than braving the Yemeni coast at the sea's mouth. Throughout the war, Saudi Arabia partially escaped the shipping disruption by piping oil to Yanbu on the Red Sea instead. But a full closure of that alternative route by the Houthis could reduce global oil supply as it would leave most Saudi oil exports trapped. Yesterday, Trump renewed his threats to again attack Iran's nuclear facilities at Natanz "pretty soon", which he said in June 2025 had been "totally obliterated" after the US military bombed the facility, buried in a mountain range, that month. Iran promised it would retaliate. Fifty civilians have been killed and 500 wounded in the recent US strikes on Iran, a health ministry official said. Meanwhile, Defense Secretary Pete Hegseth has told US senators that the war has cost the United States $37.5 billion so far, up from a previous estimate of nearly $29bn in mid-May. Additional reporting by AFP

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    US Secretary of State Marco Rubio has said the United States is still willing to negotiate an end to the Iran crisis but Tehran is not serious about talks, as the widening conflict disrupted two of the world's most critical energy chokepoints. Mr Rubio made his comments in a meet

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Amid the ongoing US-Iran war, a new frontline in West Asia has triggered concerns over wider escalation in the region and a renewed threat to global maritime traffic. Yemen’s Iran-aligned Houthis announced this week that they would impose a naval blockade on Saudi Arabia, its long-time rival amid the ongoing conflict.

The move comes in retaliation for an attack on Sanaa International Airport last week. The Houthis’ announcement has raised concerns over disruption of maritime traffic through the Bab al-Mandeb Strait, a critical maritime chokepoint even as the Strait of Hormuz remain largely closed for shipping traffic.

What is going on between Yemen and Saudi? The Houthis order targets only Saudi-linked vessels passing through Bab al-Mandeb. Several tankers carrying Saudi crude oil reversed course on Tuesday after the Houthis-led blockade on shipping through Bab al-Mandeb.

The announcement came after the Houthis blamed Riyadh for attacking Sanaa airport last week and breaking a four-year ceasefire. A US Navy-led maritime information center however said there had been no confirmed attacks on vessels in the Red Sea in the last 48 hours, according to Iran International.

The Houthis, in a letter to shipping companies, warned that vessels loading or discharging oil at Saudi ports could be attacked anywhere within the reach of their forces, news agency Reuters reported. The Houthis’ armed forces said they were declaring “a maritime embargo against the criminal Saudi enemy, based on the equation of ‘an eye for an eye’ in response to what they called “an unjust and oppressive siege” imposed on Yemen by the Saudis.

The Saudi-led coalition in Yemen has said it would respond to the Houthis with force. Story continues below this ad Why Bab el-Mandeb Strait is crucial to Saudis energy exports The Bab al-Mandeb strait, situated between Yemen and Djibouti and Eritrea, is one of the world’s most important shipping routes, including for oil exports worldwide.

The narrow waterway, connecting the Red Sea to the Gulf of Aden, is just 29 km wide at its narrowest point and is a key route for transiting through the Suez Canal. According to Al Jazeera, around 4.1 billion barrels of crude oil and refined petroleum products passed through the strait in 2024, about 5 per cent of the total energy supply.

However, the Houthis, which control much of northern and western Yemen and its coastline, sits at the narrowest point, much like Iran’s control over the Strait of Hormuz. The current development between the Saudi and Iran has led to a potential Hormuz-like situation as Saudi depends on the strait for its oil and energy exports.

Meanwhile, Iran had also been pressing the Houthis to close the Bab al-Mandeb gateway to the Red Sea if the US continued to attack Iranian power infrastructure. Story continues below this ad A complete closure of the strait would reduce global oil supply by 7 per cent as it would leave most of Saudi oil exports unable to leave the region.

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Oil prices rose to near six-week highs today on mounting concerns about disruptions to key Middle Eastern supply routes because of escalating hostilities between the US and Iran and threats to shipping by the Iran-backed Houthi militia in Yemen. Brent crude futures rose $2.

84, or 3.12%, to $93.85 a barrel this morning, while US West Texas Intermediate crude climbed $2.93, or 3.47%, to $87.27. Both benchmarks touched their highest levels since June 11. The US military said that it carried out an 11th consecutive night of attacks.

The US attacks came a short while after the Kuwaiti army said its air defences were intercepting Iranian drones today. The renewed conflict over control of the Strait of Hormuz is occurring amid increasing fears of further disruptions to global energy supplies after the Iran-aligned Houthis opened a new front in the war by threatening to target vessels carrying Saudi oil in the Bab el-Mandeb strait and announcing a naval blockade of Saudi Arabia.

"The energy market now has the dual-strait worry, with the Bab el-Mandeb Strait looking like it could join the Strait of Hormuz as a hot spot, as traders closely watch shipping numbers in the Red Sea," said Tim Waterer, chief market analyst at KCM Trade.

The Bab el-Mandeb at the southern entrance to the Red Sea has become an increasingly important route for Saudi Arabian crude exports as traffic through the Strait of Hormuz has fallen sharply since a ceasefire between the United States and Iran collapsed earlier this month.

Three oil tankers loaded with Saudi crude for China and India made U-turns in the Red Sea yesterday, heading towards the Suez Canal rather than braving the Yemeni coast following a warning from the Houthis. "The (Houthi) threat has led tankers to divert which could further pressure the physical market and Saudi exports, contributing to push prices to the upside," said Frank Walbaum, market analyst at trading platform Naga.

com. In response to the Houthi warnings, Asian refiners are seeking to ship crude oil from Saudi Arabia's Red Sea port of Yanbu through the Suez Canal and around Africa. While global oil stockpiles have drawn amid the conflict, the latest US data is showing some building of inventories.

Data from the American Petroleum Institute showed that US crude and distillate inventories rose last week, while gasoline stockpiles fell, market sources said. The inventory data comes ahead of official figures from the US Energy Information Administration later today.

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Equinor reported adjusted profits of $11.5 billion for the three months ending June, nearly double the prior-year amount. The results were driven by higher oil and gas prices and increased production volumes during a period of elevated Brent crude prices, which ranged from about $75 to over $100 per barrel.

Company statements attributed the gains to market conditions following reduced shipments through the Strait of Hormuz and subsequent shifts in global supply.

Location: Iran
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Oil prices rose about 4% on Wednesday, with Brent crude futures at $94.23 and West Texas Intermediate at $87.46. U.S. Central Command carried out its eleventh consecutive night of strikes on Iranian military sites, including operations centers and logistics infrastructure.

U.S. Secretary of State Marco Rubio said at an ASEAN meeting that the Strait of Hormuz remained a disputed issue, accusing Iran of not engaging seriously in talks.

Location: Iran