financetom
Business
financetom
/
Business
/
Halliburton flags higher supply rerouting, input costs on Middle East tensions
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Halliburton flags higher supply rerouting, input costs on Middle East tensions
Apr 21, 2026 6:57 AM

April 21 (Reuters) - Halliburton ( HAL ) said on Tuesday

that rerouting due to the closure of the Strait of Hormuz has

increased logistics costs for the oilfield services firm, with

the Middle East conflict also pushing up raw material prices.

The company said it was expecting the impact to cut

second-quarter earnings by about 7 cents to 9 cents per share.

Halliburton ( HAL ) said on a post-earnings conference call that it

has seen increases in the cost of purchased materials and

supplies due to the Iran war.

(Reporting by Vallari Srivastava and Anushree Mukherjee in

Bengaluru)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved