strikeJul 22, 2026

Oil prices jump 4% as Rubio says Iran 'not serious' about peace talks

Summary

- Oil prices were 4% higher on Wednesday, as conflict in the Middle East continued to escalate. - U.S. forces carried out their 11th consecutive evening of strikes on Iran overnight. - The Strait of Hormuz, key to the shipping of oil, remains a sticking point in negotiations between the two sides.

Source: Chloe Taylor — Read the full report

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Chloe TaylorBy Chloe Taylor
- Oil prices were 4% higher on Wednesday, as conflict in the Middle East continued to escalate. - U.S. forces carried out their 11th consecutive evening of strikes on Iran overnight. - The Strait of Hormuz, key to the shipping of oil, remains a sticking point in negotiations betw…

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