The United States announced this weekend that it will be invading Iran. What?! you say. I didn't see or read that story anywhere.
It was buried in the fine print, deep in the paper, in a small corner, boxed story. The headline: "Halliburton Will Withdraw from Energy Projects in Iran." The article stated that the company will withdraw all of its employees and end its business activities.
The company's chief executive said, "The business environment currently in Iran is not conducive to our overall strategy and objectives." Or, simply translated, he's been told to get out while you can to 1) protect your employees and business assets, and 2) so there will be enough time lapsed between your departure and the invasion so it won't look like you were aiding the enemy.
Of course, one could wonder what they're doing in Iran in the first place since there are sanctions against American companies to work there. But, unsurprisingly, they have been able to circumvent those sanctions through a Dubai unit registered in the Cayman Islands. I mean, come on, but that's for another rant at another time.
In the meantime, as they always tell you in business, make sure you read the fine print for the real story.