Saudi Aramco weighs sale of sulfur business stake, targeting up to $7 billion in proceeds

Saudi Aramco plans to sell a minority stake in its sulfur business, aiming to raise $700 million. The move is part of its ongoing asset monetization program to cushion the impact of persistently weak oil prices over the past two years. Earlier, conflict in the Middle East lifted sulfur prices and indirectly supported crude, but a preliminary peace deal between the United States and Iran has reduced the geopolitical risk premium. With oil prices now off their year-to-date highs, expectations for near-term upside momentum in crude have eased.