Iran war triples logistics costs for oil services firms, executives say
Rising expenses from the nine-month conflict will eventually contribute to higher energy prices and inflation, Maire CEO warns at Abu Dhabi conference
Oilfield services companies are facing logistics costs as much as three times normal levels in the Middle East as the Iran war disrupts equipment deliveries, forces employee evacuations, and complicates passage through the Strait of Hormuz, executives said Tuesday at the ADIPEC energy conference in Abu Dhabi.