SLB Seeks to Pass on Costs as Iran War Disrupts Supply Chain

Although the news headline points to geopolitical risks and supply chain issues, this is not a development that directly affects GOOGL. Technical indicators support a short-term upward trend: RSI at 61 is in neutral territory, MACD is positive, and the price is above both the 20-day and 50-day moving averages. However, despite a 2.8% increase in the last 24 hours, the MACD line falling below the signal line may indicate weakening momentum. Therefore, while the news impact remains limited, the technical picture increases the likelihood of a sideways movement in the short term.

The news headline paints a negative picture as the Iran war disrupts the supply chain and SLB attempts to pass on costs. Technical indicators give mixed signals: RSI at 54 is in neutral territory, MACD remains below the signal line, and the price is just below the 20-day moving average. This suggests weak upward momentum in the short term. The uncertainty and cost pressure created by the news could exert downward pressure on the stock. However, the price staying above the 50-day moving average indicates that any decline may be limited.

The news indicates that the war in Iran has disrupted the supply chain and costs are being passed on. This situation could increase concerns about oil supply disruptions, providing upward support for Brent prices. Technical indicators also point to a strong upward trend: RSI is near 70, MACD is above the signal line, and the price is above both the 20-day and 50-day moving averages. However, the RSI approaching overbought territory also brings a risk of a short-term correction. Therefore, while the upside expectation is high, caution is advisable.

The WTI crude price climbed 3.75% over the past 24 hours, reaching $103.13 and remaining above both the 20‑ and 50‑day moving averages. The Relative Strength Index (RSI) sits at 69, approaching the over‑bought zone but not yet signaling a reversal. The MACD line is above its signal line and resides in the positive region, indicating that short‑term bullish momentum is continuing. The headline highlights the disruption of supply chains by the Iran conflict and the challenges of reflecting those costs in pricing. This could amplify supply concerns and support higher oil prices. However, the elevated RSI and the possibility that geopolitical risks are already priced in suggest that any upside may be limited.