Squawk on the Street Stocks-Oil Rollercoaster Session Aftermath, AI Trade and Oracle Earnings Preview 3/10/26
8 snips
Mar 10, 2026 Eamon Javers, Pentagon correspondent providing on-the-ground briefings from Washington. He discusses battlefield messaging and differing official timelines for the Iran conflict. The show also digs into oil and market volatility after recent comments. Conversation turns to the AI trade, Anthropic's legal move, and a preview of Oracle's upcoming results.
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Oil Futures Are Extrememly Suspect
- Oil futures are highly unreliable right now because thin markets and low liquidity create meme-like spikes.
- Jim Cramer and Carl Quintanilla point to thin futures trading and mixed presidential messages as the cause of extreme intraday swings in WTI prices.
Aramco Pipeline Could Ease Supply Shock
- Saudi Aramco says it could restore roughly 70% of exports within days by using alternate pipelines, easing some supply concerns.
- Jim highlights a Saudi pipeline able to reroute millions of barrels westward, which should moderate global tightness but not eliminate risks from other Gulf producers.
Avoid Betting On Full Gulf Production
- Avoid assuming oil production targets will be met if Iran is directly targeted, because force majeure and retaliatory strikes can disrupt output.
- Jim warns not to hit desalination or oil infrastructure since Iran may retaliate and reduce regional exports.
