SOTS 2nd Hour: Stocks Jump, Oil Falls - Iran Latest w/Energy Secretary Chris Wright 3/23/26

SPEAKER_1 (0:00)

Trading at Schwab is powered by Ameritrade, giving you even more specialized support than ever before, like access to the trade desk. Our team of passionate traders ready to tackle anything from the most complex trading questions to a simple strategy gut check. Need assistance? No problem. Get 24-7 professional answers and live help and access support by phone, email and in-platform chat. That's how Schwab is here for you, to help you trade brilliantly. Learn more at schwab.com/trading.

SPEAKER_2 (0:28)

Men are struggling with their mental health at some of the highest rates we've ever seen, but most aren't getting the support they need and that needs to change. I'm Dr. Guy Winch, your host for Season 3 of The Visibility Gap, presented by Cigna Healthcare. This season, we're focusing on men's mental health, bringing together real stories and expert insight to explore the pressures men face every day, and why opening up can feel so difficult. Join us for the new season wherever you stream your podcasts.

Carl Quintanilla (0:57)

Who was that? Who was Eisenberg for?

Donald Trump (1:00)

We're dealing really...

Carl Quintanilla (1:01)

Whose idea was it?

Donald Trump (1:02)

Mine. That was mine.

Carl Quintanilla (1:04)

Can I ask you...

Donald Trump (1:05)

That was like the paper clip. You know the story of the paper clip? 182 years ago, a man discovered the paper clip. It was so simple. And everybody that looked at it say, why didn't I think of that? Ice was my idea. I called... First person I called was Tom Homan. I said, what do you think? He said, I think it's great. Then I saw today there was some masks on. I didn't think the masks were appropriate. I put out a statement and I asked him, would it be possible to take off the mask? Because they should wear a mask when they're dealing with the murderers and the thugs left in... Let it into our country.

Sara Eisen (1:39)

In just a detail, you said there's many points of agreement with Iran right now.

Donald Trump (1:42)

Many.

Sara Eisen (1:42)

What? Can you give us a few of those?

Donald Trump (1:44)

Many. Like 15 points. 15 points.

Sara Eisen (1:47)

Iran has said yes.

Donald Trump (1:48)

Well, they're not going to have a nuclear weapon. That's number one. That's number one, two and three. They will never have a nuclear weapon. They've agreed to that.

SPEAKER_7 (1:56)

Will we see a legal migrant arrest at airports, sir?

Donald Trump (2:00)

Arrest?

SPEAKER_7 (2:00)

Will we see ICE arresting illegal migrants at airports?

SPEAKER_8 (2:02)

Yeah, yeah.

Donald Trump (2:04)

That's why the Democrats are going crazy. Because they've allowed, by what they did, and hold up, we've put ICE, who are a very high level, I mean, they really are a high level group of people. And they love it because they're able to now arrest illegals as they come into the country. That's very fertile territory. But that's not why they're there. They're really there to help.

Carl Quintanilla (2:28)

Are we talking to Iran directly?

Brian Sullivan (2:33)

They have.

Donald Trump (2:34)

Thank you.

Carl Quintanilla (2:35)

What about the Strait of Hormuz?

Sara Eisen (2:36)

Who's going to be in control of that?

Donald Trump (2:37)

That will be opened very soon, if this works.

SPEAKER_8 (2:39)

How soon?

Donald Trump (2:41)

And who is in control of it?

SPEAKER_6 (2:42)

Will Iran still be able to control the flow of oil?

Donald Trump (2:45)

Be jointly controlled.

Carl Quintanilla (2:47)

By whom?

Donald Trump (2:48)

Maybe me.

SPEAKER_6 (2:50)

Maybe me.

SPEAKER_7 (2:50)

You want the United States to be in control of the Strait of Hormuz?

Donald Trump (2:52)

Me and the Ayatollah, whoever the Ayatollah is, whoever the next Ayatollah. Look, and it'll also be a form of a very serious form of a regime change. Now, in all fairness, everybody's been killed from the regime. They're really starting off. There's automatically a regime change. But we're dealing with some people that I find to be very reasonable, very solid.

The people within know who they are. They're very respected. And maybe one of them will be exactly what we're looking for. Look at Venezuela. How well that's working. We are doing so well in Venezuela with oil and with the relationship between the president-elect and us. And maybe we find somebody like that in Iran.

Carl Quintanilla (3:40)

Are you considering any more options to lower the price of oil while these stocks are...

Donald Trump (3:44)

The price of oil will drop like a rock as soon as a deal is done. I guess it already is today. No, we have a very serious chance of making a deal. That doesn't guarantee anything. I'm not guaranteeing anything. I'm not going to come out here in a week or two weeks and have you all say, Oh, you said I didn't say anything. All I'm saying is we are in the throes of a real possibility of making a deal. And I think if I were a betting man, I'd bet for it. But again, I'm not guaranteeing anything. They want to make a deal very badly.