Middle East’s most important new energy corridor continues to grow - analysis
Syria continues to grow as an energy hub for Iraq amid a peaceful border situation.
The Middle East's most important new energy corridor is growing along the border of Iraq and Syria, which has seen a shift from conflict to trade. Once used by extremist groups and Iranian-backed militias, the border is now controlled by both nations, facilitating the important trade of oil and gas. Iraq, unable to easily export oil through the Strait of Hormuz, ships oil to Syria for export, while Syria sends gasoline to Iraq.
This development is significant for Iraq, a country rich in oil but struggling to export it effectively. In a bid to rein in Iranian-backed militias, Iraq's new Prime Minister, Ali al-Zaidi, is working towards this goal by June 2027 with the support of the Trump administration. Zaidi met with Syria's President Ahmed al-Sharaa at the UN General Assembly, though Iraq views Sharaa with suspicion due to his past associations with extremist groups.
Despite this, Iraq and Syria are now collaborating, with Syria transporting imported gasoline to Iraq through its Baniyas oil terminal under a three-month agreement.
Brief written by urgent.news from Jerusalem Post's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
