Halliburton (HAL) Stock Faces Pressure As US Iran Deal Hits Oil Service Demand

Halliburton (HAL) stock is under pressure following a US-Iran peace deal that led to a sharp drop in global oil prices. This has prompted oil producers to cut spending, affecting Halliburton's service demand for drilling and hydraulic fracturing. Investors are concerned about the impact on the company's order book, pricing, and capacity decisions, especially given recent insider selling and the stock trading above some intrinsic value estimates.