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Halliburton flags higher supply rerouting, input costs on Middle East tensions
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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)

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