Sasol stock jumps 6% as oil climbs and South Africa tariff talks heat up
Sasol Limited’s U.S.-listed shares surged 6.4% to a 12-month high Wednesday, bucking a weaker U.S. market. Oil prices rose for a fifth day on Iran supply concerns, while the rand gained as gold hit records. BP and Sasol requested a 105% tariff hike at their Pretoria petroleum storage site, citing a 30% drop in volumes since 2020.