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Home/News Feed/Strait of Hormuz may stay closed until late 2026, disrupting global oil and LNG supply, says Baker Hughes CFO.
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Strait of Hormuz may stay closed until late 2026, disrupting global oil and LNG supply, says Baker Hughes CFO.

Market News
25 Apr 2026
Mohd Haider
View Source
Neutral
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Baker Hughes CFO Ahmed Moghal warned that the Strait of Hormuz, a crucial waterway for global oil and LNG supply, might remain closed until the second half of 2026 due to ongoing Middle East conflicts. This closure has already removed about 10% of global oil supply and disrupted 20% of LNG output, marking the largest oil supply disruption ever recorded. The company reported strong Q1 results with revenue up 2%, adjusted EBITDA up 12%, and orders up 26%, but free cash flow fell 54%. The prolonged closure is expected to keep oil markets under pressure with persistent risk premiums, reflecting enduring geopolitical risks in the energy sector.

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