The CFO of the energy company Baker Hughes has reportedly said that the company is operating under the assumption that the Strait of Hormuz may not fully reopen for months as tensions between the U.S. and Iran continue.
Ahmed Moghal, the chief financial officer of the Houston-based oilfield services giant, told investors on the company's first-quarter earnings call that they will assume that the conflict will continue through the end of June and that the strait may not be fully operational until the second half of 2026, CNBC noted.
.png?w=600)
