Halliburton’s stock climbed 2.7% in pre-market trading to $37.16 on Monday, extending a two-week advance of roughly 5% as Brent crude futures surged above $90 per barrel.
The gains followed a more than 3% jump in oil prices after U.S. military strikes targeted Iranian missile launchers on Larak Island in the Strait of Hormuz on Sunday. The strikes marked the first confirmed American action against Iran since late July. Iranian state media reported on Monday that the Revolutionary Guards retaliated by striking two U.S. air bases in Jordan.
Halliburton, North America’s largest oilfield-services provider, outperformed the broader U.S. equity market, where the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite were all modestly lower in pre-market trading. The divergence underscored the sector-specific nature of the move, driven by heightened geopolitical risks in a key oil transit corridor.
