NOV and Transocean Stocks Fall as Crude Oil Drops to Lowest Since Iran War

CommodityGeopolitics Impact 4
โดย Yahoo Finance·Read original
Summary · why it matters

Shares of oilfield services companies NOV and Transocean declined as crude oil prices fell to their lowest level since the start of the Iran war, driven by tankers resuming transit through the Strait of Hormuz and progress toward ending the conflict. NOV fell 3.1% and Transocean dropped 4.2% in the afternoon session, while the S&P 500 energy index lost about 2.45%. WTI crude fell about 4% to near $70 and Brent about 4% to near $74, the lowest since February 27, the day before U.S.–Israeli strikes on Iran. The decline followed a 14-point memorandum of understanding signed by the U.S. and Iran, which begins a 60-day negotiation period and allows toll-free passage through the strait immediately. Transocean's shares have had 31 moves greater than 5% over the last year, and the stock remains 33.6% below its 52-week high of $7.58 from May 2026.

Impact on stocks 11

Energy▼ · 7 stocks
NOV Inc.
NOV
▼ NegativeDemandrelevance

Crude oil price drop reduces demand for oilfield services as exploration and production activity likely to decrease.

Transocean Ltd
RIG
▼ NegativeDemandrelevance

Crude oil price drop reduces demand for offshore drilling services as oil producers cut spending.

Synthetic Biology (non-pharma)▲ · 2 stocks
Carbon Removal (DAC)▲ · 1 stocks
Energy Transition & Power Demand▲ · 1 stocks

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