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Strait of Hormuz may not fully reopen until second half of 2026, Baker Hughes says
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Strait of Hormuz may not fully reopen until second half of 2026, Baker Hughes says

CNBC·Spencer Kimball·about 1 month ago
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Two boys paddle-board in the sea as ships are anchored near the shoreline on April 22, 2026 in Bandar Abbas, Iran. Stringer | Getty Images Baker Hughes is working under the assumption that the Strait of Hormuz may not fully reopen for months, a senior executive at the influential oilfield services firm said Friday. Baker is assuming in its financial guidance that the U.S.-Iran conflict continues through the end of June and the strait may not be fully operational until the second half of the year, Chief Financial Officer Ahmed Moghal told investors on the company's first-quarter earnings call. "There's still a great deal of uncertainty regarding, ultimately, the duration and depth of the conflict," Moghal said. Baker is one of the most infuential oilfield drillers in the world with extensive business in the Middle East. The assumption that the strait may not reopen for months is widely shared in the energy industry.…

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