Saudi Arabia’s state-owned oil company, Aramco, set its
initial public offering (NYT) at about $8.53, a value set to raise more than $25 billion when shares begin trading in the coming days. At that price, the company is valued at around $1.7 trillion.
CFR’s Steven A. Cook looks at what Saudi Arabia’s crown prince
stands to lose from the public offering.
Iran: The remaining signatories to the 2015 Iran nuclear deal—China, France, Germany, Russia, and the United Kingdom—meet
in Vienna (VOA) today to discuss options to save the agreement after the United States withdrew.