Sec. Rubio: ‘The Majority of the Increase You’ve Seen in Oil Prices Over the Last Couple of Weeks Has To Do with the Black Sea, Ukraine and Russia’

TRANSCRIPT:

RUBIO: "And it's a dilemma because there are three things. I mean, the majority of the increase you've seen in oil prices in the last few weeks, they're stabilized now, has to do with the Black Sea and Ukraine and Russia, and Yemen with the Houthis. So these are the two things that have really added to the majority of the increase we saw about a week ago."