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

Brent climbed above $95 as the United States kept striking Iranian targets and warned that shipping risks could push prices higher.

  • Global crude benchmarks climbed slightly in early trading following the announcement of a new wave of American military operations targeting Iranian installations.
  • The recent airstrikes mark the eleventh consecutive night of military engagements executed by United States forces in the region.
  • Energy markets experienced renewed upward pressure due to escalating anxieties surrounding potential interruptions to international oil shipments.
  • Concurrent reports of drone attacks intercepted by Kuwait added to the apprehension regarding broader regional stability and security.
  • Traders continue to monitor the situation closely as persistent geopolitical friction threatens vital petroleum transport corridors.
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(Cairo=Yonhap News) Correspondent Kim Sang-hoon = Mohammad Bagher Ghalibaf, Speaker of the Parliament who led the Iranian negotiating team in peace talks with the U.S., [regarding] crude oil exports and the strait's ...

·Seoul, Korea (the Republic of)
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CNBC broke the news in Englewood Cliffs, United States on Tuesday, July 21, 2026.
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