Heat oil in medium skillet over medium-high heat. Sprinkle chicken with Italian seasoning. Add to skillet and cook 12 to 15 minutes or until no longer pink in centers (165°F), turning once.
Stir together all remaining ingredients in small bowl until well blended. Gradually add to chicken in skillet. Cook 2 to 3 minutes or until sauce is thickened, stirring constantly.
If dried Italian seasoning is not available, use 1/4 teaspoon dried oregano + 1/8 teaspoon dried basil + 1/8 teaspoon dried thyme.
Serve chicken and sauce with hot cooked rice. Jasamine rice would be particularly good.