The Biggest Oil Disruption in History 3/9/26

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 9 March 2026

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Oil surged above $100 a barrel as the war with Iran disrupts global supply and tanker traffic through the Strait of Hormuz remains at a standstill. Amos Hochstein, TWG Global managing partner and former senior advisor to President Biden, discusses the state of the conflict, the historic shock to oil markets, and what a possible endgame could look like. Then, Goldman Sachs President of Global Affairs Jared Cohen examines what the war means for the future of Iran’s regime and the broader geopolitical fallout, including China’s potential role. Plus, CNBC’s Dan Murphy breaks down the latest developments in the region. Dan Murphy: 3:09 Amos Hochstein: 12:53 Jared Cohen: 26:28 In this episode: Amos Hochstein, @amoshochstein 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.
0:03.5	Hi, I'm CNBC producer Katie Kramer.
0:06.2	Today on Squawk Pod.
0:08.4	Oil surging to its highest level in years on disruption fears sparked by the Iran War.
0:13.9	Crude nearly touched 120 a barrel.
0:17.2	Our reporter in the Middle East, Dan Murphy, on the price push.
0:20.7	One of the most dramatic
0:22.0	repricings the energy markets have seen in decades. The market response is swift, investors
0:28.0	nervously watching supply, energy policy veteran Amos Hochstein. I think at some point, if you're
0:33.5	talking about three to four more weeks, the cumulative economic damage is going to be
0:38.1	globally, not just the United States. Plus, a conversation with Jared Cohen of Goldman Sachs,
0:43.7	who lived in Iran researching youth movements, where will the country and its people go from here?
0:49.4	I think if it doesn't end this week, it's much more likely to drag out significantly further.
0:55.1	It is Monday, March 9th, 2026.
0:58.0	Squawk Pod begins right now.
1:00.1	Stand Becky by in three, two, one.
1:03.0	Cuea, please.
1:04.5	Good morning, everyone.
1:06.0	Welcome to Squackbox right here on CNBC.
1:08.7	We are live from the NASDAQ market site in Times Square. I'm Becky Quick,
1:12.4	along with Joe Karnan and Andrew Ross Sorkin, and then energy prices, really the focus on all of this.
1:18.6	WTI is sitting just above $100 a barrel. It's up by about 10%. Again, we saw much higher levels.
	...

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