Energy Sec. Wright on Iran Oil Disruption & Pentagon CTO on Anthropic 3/12/26

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CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 12 March 2026

⏱️ 50 minutes

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Summary

More than 30 countries have agreed to release 400 million barrels of oil from strategic reserves as the war-driven supply shock sends crude above $100 a barrel. U.S. Energy Secretary Chris Wright discusses America’s plan to release 172 million barrels from the Strategic Petroleum Reserve, the effort to stabilize oil prices, and whether the U.S. Navy could help escort tankers through the Strait of Hormuz. Then, CNBC’s Dan Murphy reports on Iran’s escalating attacks on shipping and energy infrastructure across the Gulf. And, Defense Department CTO Emil Michael takes aim at Anthropic’s AI models over concerns about ideology in military supply chains. Plus, Elon Musk unveils the new Tesla-xAI project “Macrohard,” and CNBC’s Eamon Javers reports on the Trump administration’s next tariff steps. Sec. Chris Wright - 15:39 Emil Michael - 33:28 In this episode: Sec. Chris Wright, @SecretaryWright Eamon Javers, @EamonJavers Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:04.3	Hi, I'm CNBC producer Katie Kramer.
0:06.9	Today, on a super-sized squawk pod.
0:10.5	Two administration players at the center of two big news stories,
0:14.1	Energy Secretary Chris Wright says the U.S. is not ready to escort tankers
0:18.1	through that clogged straight of Hormuz oiled prices dance with $100 a barrel.
0:23.6	We're going through a short-term disruption, but it's overdue to address this Iranian threat that's festered and grown for 47 years.
0:32.6	And the Pentagon's Emil Michael, his take on the Defense Department's back and forth with AI company
0:38.0	Anthropic, at the moment, not allowed in the federal supply chain.
0:41.6	It's a whoa moment, because then we realize we are dependent on this one provider who wants
0:47.7	to insert their policy preferences in the middle of an operation potentially and harm the warfighter.
0:54.1	Michael says it is not a personal issue with the company's CEO.
0:57.8	I didn't meet Dario ever until December, so I had no personal relationship with him one way or the other.
1:05.2	There's nothing to do with politics. I want the best models for the warfighters.
1:09.8	And watching that all-important price of oil.
1:12.6	See how you're going to like $200 bear oil.
1:15.6	Are reporters around the globe, Dan Murphy in the Middle East.
1:19.6	There's probably no policy response that can stop the oil price from going higher.
1:24.6	And Amon Javers in Washington.
1:26.6	The domestic politics are gas prices, gas prices, gas prices.
1:30.9	It is Thursday, March 12th.
1:33.5	Squawk Pond begins right now.
	...

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