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.
Along Iraq's and Syria's sun-baked border, once a site of conflict, a new energy corridor is flourishing. This shift is due to Iraq's inability to easily export oil through the Strait of Hormuz and Syria's inability to import gasoline from Iran or other sources. Iraq and Syria now share the border for the trade of oil and gas, with Iraq shipping oil to Syria and Syria sending gasoline to Iraq.
The border town of Tanf, historically a US military base, is now a crucial hub for this new trade route. Iraq is also attempting to curb the influence of Iranian-backed militias, with its new Prime Minister, Ali al-Zaidi, aiming to do so by June 2027. Zaidi met with Syria's President, Ahmed al-Sharaa, in New York, where discussions focused on improving bilateral relations.
Syria has begun transporting gasoline to Iraq through its Baniyas oil terminal under a three-month agreement, with plans to increase traffic to about 200 tanker trucks a day. This deal is intended to ensure a steady supply of gasoline to Iraq amid disruptions in the Strait of Hormuz.
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