Baker Hughes CFO Ahmed Moghal stated during the company's first-quarter earnings call on April 22, 2026, that the firm has incorporated into its financial guidance the assumption that the U.S.-Iran conflict persists through the end of June 2026.
"The assumption about the strait's reopening is widely shared within the energy industry."
— Baker Hughes CFO Ahmed Moghal
Key Highlights:
- Duration & Uncertainty: Moghal noted significant uncertainty regarding the duration and depth of the conflict.
- Strait of Hormuz: The company is operating under the assumption that the Strait of Hormuz may not be fully operational until the second half of 2026.
- Industry Consensus: This timeline for the strait's reopening is reportedly a widely held view across the energy sector.
In an unrelated visual note from the same date, a separate report described two boys paddle-boarding in the sea near anchored ships in Bandar Abbas, Iran.