Regional Conflict Drives Risks and Windfall Gains in Syria’s Oil and Food Sectors

With the war launched by the United States and Israel against Iran entering its fourth week and no end in sight, some observers argue that the closure of the Strait of Hormuz could position Syria as an alternative gateway for oil flows from Iraq and food supplies towards the Gulf countries. However, analysts estimate that the negative impact of the regional war on the Syrian economy is likely to outweigh any positive spillover effects.