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

He testified before Congress on Tuesday to seek additional war funding.

The US military resumed strikes in Iran early Wednesday, its 11th straight night of attacks

Rubio spoke at the start of an annual meeting in the Philippine capital, Manila, with counterparts from the Association of Southeast Asian Nations who have expressed alarm over the resurgent war in the Middle East that has battered their region.

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.