Hormuz Crisis Revs Up Syria's Trade Role
The article discusses Syria's opening to new commercial opportunities resulting from disruptions in navigation through the Strait of Hormuz, particularly following the war in Iran and regional developments. Syria has become a key corridor for trade and energy between Iraq and the Mediterranean Sea, after the Strait was closed for an extended period. Syria has managed to restore trade routes by opening the Rabiya border crossing and transporting over 2.1 million tons of Iraqi fuel to the Syrian coast between April and July. Additionally, efforts are underway to develop infrastructure such as railways and oil pipelines to enhance its commercial role. Neighboring countries like Saudi Arabia, Jordan, and Turkey are also seeking to expand their trade relations with Syria, as part of reconstruction efforts and diversification of transit routes, despite the estimated reconstruction cost of around $216 billion. The future focus is on strengthening Syria's economic and political capacities, completing projects like oil pipelines and railways, to transform Syria into a regional hub for trade and energy.
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