The UAE’s Infrastructure & Oil Markets 3/16/26

Squawk Pod

CNBC

Investing, Business, News, Business News

4.2 • 543 Ratings

🗓️ 16 March 2026

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Starting the third week of the war in the Middle East, Morgan Stanley’s chief of U.S. equity strategy Mike Wilson discusses the energy and broader markets and considers the likelihood of a recession in the short term. On the ground in Dubai, CNBC’s Dan Murphy reports on Iran’s strikes on the UAE’s critical energy infrastructure and transportation hub. The Strait of Hormuz is pivotal to the conflict; President Trump is reportedly planning a coalition of naval escorts through the channel key for the world’s energy supply. Michelle Caruso-Cabrera offers her perspective on the oil markets, investor sentiment, and geopolitics. Plus, the U.S. and China are holding trade talks in Paris, and a federal judge has blocked subpoenas to the Federal Reserve in the criminal investigation of Jerome Powell. Steve Liesman - 13:13 Mike Wilson - 19:12 Michelle Caruso-Cabrera - 27:48 In this episode: Dan Murphy, @dan_murphy Steve Liesman, @steveliesman Robert Frank, @robtfrank Michael Santoli, @michaelsantoli 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.
0:07.1	Today, on Squawk Pod, all about oil, the third week of war in Iran.
0:13.0	Morgan Stanley's chief U.S. equity strategist Mike Wilson is looking to the market's future.
0:17.7	The recession risk is very low unless oil truly goes $100, $120 a barrel and stays there.
0:24.7	Michelle Caruso-Cabrera says investors don't seem concerned for the long term.
0:30.1	First of all, there hasn't been actual real destruction of any important energy infrastructure, right,
0:35.9	that would lead to permanent supply disruption.
0:38.9	And on the ground in Dubai, CNBC's Dan Murphy on the sentiment in the Middle East.
0:44.1	Most people who have the ability to get out of the country, maybe they have a second home
0:48.5	somewhere else, have done so. And the population here has definitely declined over the last couple of weeks.
0:56.6	Plus, in Paris, the U.S. and China hold high-level trade talks, and in a scathing ruling,
1:02.3	a federal judge has blocked subpoenas to the Federal Reserve and the criminal investigation
1:06.3	of Chairman Jerome Powell. CNBC's Steve Leaseman has the story and the context.
1:11.5	In the couple of decades, I've been doing this. I have never had to read the Federal Reserve Act as much as I've had recently.
1:17.0	It's been sitting there since 1913 for you, Steve.
1:20.3	It is Monday, March 16th, 2026. Squawk Pod begins right now.
1:26.8	Stand Becky by in three, two, one.
1:29.7	Fuel, please.
1:32.9	Good morning, everyone.
1:34.2	Welcome to Squawk Box right here on CNBC.
1:36.5	We are live from the NASDAQ market site in Times Square.
	...

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