Iran’s conflict benefits Syria’s economy

The Syrian economy experienced unexpected gains as a result of the repercussions of Iran's war, which began in late February, with rising oil prices and the closure of the Strait of Hormuz. An over 860-kilometer land route from Iraq to Syria has turned into an active corridor for oil transportation, where trucks carrying oil from Iraq pass through to the Baniyas facility on the Syrian coast, then return loaded with fuel. This has helped partially supply Syria's power plants and generate daily revenues estimated at one to two million dollars. Reports anticipate that reliance on this route will continue amid the closure of the Strait of Hormuz, positioning Syria as a key transit point in regional energy trade.

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