Weatherford Anticipates Earnings Decline Amid Iran Impact

Weatherford, a leading global oilfield-service provider, has issued a warning regarding its earnings, indicating that the financial impact stemming from the situation in Iran is expected to worsen this quarter. Bloomberg posted on X that despite the anticipated downturn, the company remains optimistic about a potential rebound in the future. Weatherford's outlook reflects the broader challenges faced by the oilfield services sector amid geopolitical tensions and market fluctuations.