Marco Rubio states that Iran is not serious about talks as U.S. strikes drive oil prices higher.
Marco Rubio told the ASEAN Foreign Ministers' meeting that Iran is "not serious about talks" regarding current negotiations. The U.S. Secretary of State emphasized that the Strait of Hormuz remains a critical sticking point, noting that Iran demands the right to control the waterway. Rubio warned that allowing Iran to control the strait would set a "very dangerous precedent" for the world. The statement comes as U.S. Central Command carried out its 11th consecutive night of strikes against Iran. These military actions have fueled a rally in oil prices, with global benchmark Brent crude futures jumping nearly 4% to $94.23. Investors are closely monitoring the escalating tensions in the Middle East for potential supply disruptions. Meanwhile, the administration continues to navigate the geopolitical landscape as mediators attempt to secure a 10-day ceasefire between Washington and Tehran.