Squawk on the Street SOTS 2nd Hour: Iran Latest w/Trump's Former NSA Director, the Volatility Playbook, & LIVE: President Trump's Cabinet Meeting 3/26/26
Mar 26, 2026
Jack Hittery, CEO of Sandbox AQ and AI expert on quantum and product economics. H.R. McMaster, retired lieutenant general and national security scholar on Iran strategy. They discuss Iran negotiations, military options to reopen the Strait of Hormuz, market reactions to geopolitical risk, and how AI product moves reshape tech markets. Short, fast-paced takes on diplomacy, strategy, and market volatility.
AI Snips
Chapters
Transcript
Episode notes
Market Limbo Between Oil Shock And Growth Resilience
- Markets are in a limbo where oil-driven stagflation risks and short-term growth resilience compete.
- Treasury yields and oil track together; $90 WTI is a psychological pivot and each day of conflict erodes confidence.
Complacency Masks Large Downside Risk
- The market is relatively complacent despite large downside geopolitical risks, partly because investors expect shocks to be short-lived.
- Dan Greenhaus warns Brent could reach $130–$140 if disruptions persist and supply re-routing remains constrained.
Iran Rejects U.S. Offer While Diplomacy Continues
- Iran publicly rejected a U.S. proposal conveyed via Pakistan as one-sided but diplomacy reportedly continues.
- Eamon Javers notes both sides have initial non-starter positions; rejecting proposals is a normal negotiation step.