Ceasefire, Oil Tankers, & Jet Fuel Prices with Delta CEO 4/8/26

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 8 April 2026

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

After the U.S. and Iran agreed to a two-week ceasefire, energy prices dropped. CNBC’s Brian Sullivan is watching the flow–or lack thereof–of ships through the Strait of Hormuz to monitor progress of the world’s oil supply. CNBC’s Dan Murphy reports on the ceasefire from the UAE, and CNBC’s Phil LeBeau gets the impact on jet fuel and air travel prices from Delta CEO Ed Bastian. Plus, Anthropic is holding the public release of its newest model Mythos over concerns about its capabilities to exploit digital weaknesses. Dan Murphy 2:52 Ed Bastian 22:02 Brian Sullivan 32:45 In this episode: Dan Murphy, @dan_murphy Phil LeBeau, @Lebeaucarnews Brian Sullivan, @SullyCNBC Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:04.5	Hi, I'm CNBC producer Katie Kramer.
0:07.2	Today on Squawk Pod.
0:10.0	A truce, sort of.
0:11.8	Mark gets rallying after President Trump announced a two-week ceasefire with Iran,
0:16.6	CNBC reporter Dan Murphy in the Middle East.
0:19.2	A down-to-the-wire tactical victory, but ultimately one that resolves none of the issues.
0:26.5	And oil price is plunging. Iran says it will allow ships to pass through the critical
0:31.5	strait of Hormuz are Brian Sullivan on the global energy market.
0:35.6	Watch that marine traffic.com chart.
0:38.5	When we start to see a lot of ships go through there every day, 20 to 30 tankers a day,
0:43.1	Andrew, is the number you want.
0:44.9	Things could change.
0:45.8	We're one social media post away.
0:48.4	Right, going the other way.
0:49.6	From the other way.
0:51.5	Plus, Delta Airlines scaling back growth plans on volatile fuel prices, but CEO Ed
0:57.2	Bastion tells us he is bullish about air travel. The last 30 days are booking sort of double digits.
1:03.5	Corporate travelers back this week alone, sales of corporate travel are up double digits again.
1:08.7	All that today and more. It is Wednesday, April 8th, 2026.
1:13.3	Squawk Pod begins right now.
1:16.7	Stand Becky by in three, two, one.
	...

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