The waiver replaces a previous 30-day authorization that expired on April 11 and permits transactions involving Russian crude and petroleum products already loaded at sea, while continuing to exclude dealings tied to Iran, Cuba and North Korea.

The move follows pressure from energy-importing countries, particularly in Asia, grappling with supply disruptions and elevated costs.A Treasury spokesperson said the decision was linked to broader efforts to stabilize markets as diplomatic engagement with Iran intensifies. “As negotiations with Iran accelerate, Treasury wants to ensure oil is available to those who need it,” the spokesperson said.

The extension marks a reversal from comments made earlier in the week by Treasury Secretary Scott Bessent, who had indicated the administration would not renew waivers covering Russian and Iranian oil. The Iranian waiver, issued on March 20, had facilitated the flow of roughly 140 million barrels into global markets, according to Bessent’s prior statements.

Global oil prices fell about 9% on Friday to around $90 per barrel after Iran temporarily reopened the Strait of Hormuz, a critical transit route for global crude supplies. However, the conflict now entering its eighth week has already caused extensive disruption, with more than 80 oil and gas facilities in the Middle East reported damaged, according to the International Energy Agency.

Tehran has warned it could again close the strait if U.S. naval actions targeting Iranian ports continue, raising the risk of renewed supply shocks. The war has been described by the agency as the most severe disruption to global energy supply in history.

The administration’s decision also reflects domestic political pressures, as elevated fuel prices pose risks to Republican candidates ahead of the November midterm elections. U.S. officials said the issue was raised during meetings on the sidelines of G20, World Bank and International Monetary Fund gatherings in Washington, where partner countries urged continued flexibility on supply.

Trump also discussed oil markets during a recent call with Narendra Modi, whose country remains a major importer of Russian crude.The waiver has drawn criticism from lawmakers across party lines, who argue it risks undermining sanctions aimed at curbing Russia’s revenue from its war in Ukraine while also easing pressure on Iran during its confrontation with the United States.

European officials have voiced similar concerns, with Ursula von der Leyen stating that sanctions relief would be premature.Russian presidential envoy Kirill Dmitriev said the policy signaled ongoing economic and energy engagement between Washington and Moscow, adding that earlier waivers could release volumes equivalent to nearly a day of global oil output.

Analysts said the measure underscores the limited policy options available to policymakers confronting simultaneous geopolitical crises and market instability. Brett Erickson of Obsidian Risk Advisers said the damage to global energy systems may be enduring, warning that “the tools available to stabilize them are nearly exhausted.”

IEA Executive Director Fatih Birol said that while March deliveries largely reflected cargoes loaded before the crisis escalated, the situation has shifted significantly. “During the month of April, nothing has been loaded,” he told reporters following meetings at the International Monetary Fund, adding that prolonged disruption would intensify market pressures.

Birol said the agency is tracking damage to energy infrastructure across the region, noting that more than a third of over 80 affected facilities have sustained severe damage. He described the situation as a major energy security challenge with global implications, warning that no country would be insulated from the fallout.

IMF Managing Director Kristalina Georgieva said there is an urgent need to assess the scale of economic impact stemming from infrastructure losses tied to the conflict.World Bank President Ajay Banga said the institution is preparing for multiple scenarios depending on the duration and intensity of hostilities, including expanded financial support.

The IMF has indicated it can make up to $50 billion available, while the World Bank has outlined potential financing of up to $25 billion, with the possibility of increasing total support to $60 billion over six months if conditions worsen.

The conflict, triggered by U.S.-Israeli strikes on Iran beginning February 28, has disrupted flows through the Strait of Hormuz, a critical artery for global oil shipments. Iran’s actions to impede maritime traffic, followed by a U.S. naval blockade, have heightened concerns over supply constraints and price volatility.

Although a two-week ceasefire was agreed last week to enable negotiations, talks in Islamabad failed to produce a breakthrough, raising uncertainty over whether the truce will hold.

International mediators, including Pakistan and Qatar, have urged both sides to maintain the ceasefire, while UN Secretary-General Antonio Guterres called for the restoration of freedom of navigation in the region.

In an interview, Banga said the World Bank expects global growth to decline by 0.3 to 0.4 percentage points under a baseline scenario assuming an early end to the conflict, and by as much as 1 percentage point if the war continues.

Inflation could rise by 200 to 300 basis points, with further increases of up to 0.9 percentage point in a prolonged conflict scenario.The bank now projects growth in emerging markets and developing economies at 3.65 percent in 2026, down from a previous estimate of 4 percent in October.

In a more severe scenario, growth could fall to as low as 2.6 percent. Inflation in these economies is forecast to reach 4.9 percent, compared to an earlier estimate of 3 percent, and could climb as high as 6.7 percent if disruptions persist.

The conflict has already driven oil prices up by about 50 percent while disrupting supplies of key commodities including oil, natural gas, fertilizers and helium, alongside impacts on tourism and air travel. Continued instability around the Strait of Hormuz remains a major risk factor, given its role in global energy flows.

Banga said the economic outlook depends heavily on whether ongoing negotiations lead to a lasting peace and the reopening of critical trade routes. Failure to stabilize the situation could result in longer-term damage to energy infrastructure and sustained pressure on global markets.

The World Bank has begun discussions with vulnerable countries, including small island states with limited energy resources, on accessing emergency funding through its crisis response mechanisms. These facilities allow governments to draw on pre-approved funds to manage immediate shocks without requiring new approvals.

At the same time, Banga cautioned governments against introducing unsustainable energy subsidies, warning such measures could worsen fiscal pressures in countries already burdened by high debt and elevated borrowing costs.

The crisis has intensified calls for energy diversification and greater self-sufficiency. Banga pointed to increased investments in refining capacity in countries such as Nigeria as an example of improving energy resilience, while noting ongoing World Bank support for expanding energy production in nations including Mozambique.

He added that scaling up nuclear, hydroelectric, geothermal, wind and solar energy would be critical to reducing reliance on traditional fuels and mitigating future shocks to global energy systems.

Managing Director Kristalina Georgieva said the war had caused the most severe disruption to global energy supply on record, with millions of barrels of oil production shut down due to Iran’s effective closure of the Strait of Hormuz.

“Instead, all roads now lead to higher prices and slower growth,” Georgieva told Reuters, adding that the IMF would cut its growth forecasts and raise inflation projections in its upcoming World Economic Outlook.

The conflict is expected to dominate discussions at next week’s IMF and World Bank spring meetings in Washington, where policymakers will assess the economic fallout from the crisis.

The Fund had previously anticipated a modest upgrade to global growth projections before the escalation.Georgieva said global oil supply had fallen by about 13%, with knock-on effects extending beyond energy markets into supply chains for commodities such as fertilizers and helium.

Brent crude prices have risen to around $110 per barrel, reflecting tightening supply conditions.She warned that even a swift resolution would leave a lasting economic impact, while a prolonged conflict would deepen inflationary pressures and further dampen growth prospects.

The effects are expected to be uneven, with energy-importing countries facing the greatest strain. Many low-income economies lack the fiscal capacity to cushion rising costs, increasing risks of economic instability and social unrest.

Georgieva said some countries had already sought financial assistance from the IMF, which could expand existing lending programs to address urgent needs. She cautioned against broad energy subsidies, arguing they could exacerbate inflation.Energy exporters have also been affected.

Damage to production infrastructure has slowed output recovery in some countries, including Qatar, where restoration of natural gas capacity could take several years.The IMF is coordinating with other global institutions, including the International Energy Agency and the World Bank, to assess the broader implications of the conflict.

Georgieva also highlighted risks to food security, noting that disruptions to fertilizer supplies could trigger wider shortages if the conflict continues.

The World Food Programme has warned that millions could face acute hunger if conditions worsen.

In a prime-time address, Trump said the United States would “hit” Iran hard over the next two to three weeks while asserting that core military objectives were nearing completion.

However, the absence of a defined endgame unsettled investors and raised concerns about prolonged disruption to global energy supplies.

South AfricaBenchmark crude prices jumped around 5%, climbing above $106 per barrel, while equity markets declined across major regions as traders reacted to continued uncertainty over the conflict and the closure of the Strait of Hormuz, a critical route for global oil shipments.

Trump reiterated that U.S. forces were “on track” to complete their objectives “very shortly,” and said Iran had been “essentially decimated,” while warning that further escalation remained possible if Tehran did not meet U.S. demands.

He also suggested potential strikes on key infrastructure, including energy facilities. Despite the aggressive rhetoric, diplomatic prospects remain limited. A senior Iranian source told Reuters that Tehran is seeking a guaranteed ceasefire before halting attacks and confirmed that no indirect talks on a temporary truce have taken place.

The ongoing conflict, which began after U.S.-Israeli strikes on Feb. 28, has disrupted global oil flows and heightened geopolitical risk across the Middle East. Iran’s effective blockade of Hormuz has constrained shipments that typically account for about one-fifth of global oil and gas trade, amplifying volatility in energy markets.

Market participants said Trump’s speech failed to reassure investors seeking clarity on how and when the conflict might end, with uncertainty over supply disruptions and military escalation continuing to drive price swings.

International financial institutions, including the International Monetary Fund, World Bank and International Energy Agency, have warned that the war is having significant and uneven global economic impacts, particularly on energy-importing countries.

In a televised address, Trump said U.S. forces had delivered “swift, decisive” results during 32 days of operations launched after joint U.S.-Israeli strikes on Iran on Feb. 28. He added that Washington was “on track to complete all of America’s military objectives shortly,” while warning of further heavy attacks if no agreement is reached.

The conflict has triggered widespread regional instability, with Iranian retaliatory strikes targeting Israel, U.S. bases and Gulf states, and opening a parallel front in Lebanon. Thousands have been killed across the region since the escalation began.

Trump reiterated that the U.S. military campaign aimed to neutralize Iran’s strategic capabilities, including its nuclear program, saying recent strikes had prevented Tehran from obtaining nuclear weapons. He did not provide evidence to support the claim.Despite the escalation, diplomatic prospects remain uncertain.

A senior Iranian source told Reuters that Tehran is demanding a guaranteed ceasefire before halting its attacks and has not engaged in indirect talks on a temporary truce. Iran has also denied U.S. assertions that it requested a ceasefire.

Iranian President Masoud Pezeshkian, in a message addressed to the American public, said Iran holds no hostility toward ordinary U.S. citizens, though official positions suggest limited willingness to enter negotiations at this stage.The war has disrupted global energy markets, particularly after Iran effectively shut the Strait of Hormuz, a critical route for roughly 20% of global oil and gas shipments.

Trump dismissed the strategic necessity of the passage for the United States and urged allies dependent on Gulf energy supplies to take steps to reopen it.Financial markets reacted negatively to the lack of a clear diplomatic roadmap, with global equities falling and oil prices rising following Trump’s address.

The International Monetary Fund, World Bank and International Energy Agency warned the conflict was having “substantial, global and highly asymmetric” economic effects and signaled coordination on potential support measures.U.S. officials said backchannel discussions involving intermediaries, including Pakistan, were ongoing, though no breakthrough has been reported.

Trump indicated he remained open to a deal but warned that failure to reach one could result in expanded strikes, including potential targeting of Iran’s electricity infrastructure.The U.S. president also renewed pressure on allies, suggesting countries reliant on Middle Eastern energy should take a more active role in ensuring maritime security in the region.

European officials, however, have cautioned against military operations in the Strait of Hormuz, citing concerns over international law.

Trump has also raised the prospect of reassessing U.S. commitments to the NATO, criticizing what he described as insufficient support from European allies in addressing the crisis.

Zuwaira Hanafi stood outside a healthcare facility in Kaita, in Nigeria’s northern Katsina state, as medical staff hurried into a ward where her eight-month-old daughter lay semiconscious, underscoring the urgency confronting health workers in a region grappling with rising levels of severe malnutrition.

At the entrance, clinicians used colour-coded measuring tapes to assess the mid-upper arm circumference of children, a standard method for diagnosing malnutrition.

A steady flow of mothers, including teenagers, arrived with infants in critical condition, reflecting what humanitarian agencies describe as a deepening hunger crisis affecting large parts of the country.The International Federation of Red Cross and Red Crescent Societies has warned that as many as 33 million Nigerians could face severe hunger in 2026, a record level.

Data from the United Nations Office for the Coordination of Humanitarian Affairs indicates that approximately 6.4 million children in Nigeria are expected to be acutely malnourished by the end of the year, with the burden concentrated in northern regions such as Katsina.

Dr Soma Bahonan, head of the Nigeria mission for the Alliance for International Medical Action (Alima), which operates the Kaita facility in partnership with local authorities, said the crisis is expanding beyond children. Increasing numbers of mothers are also presenting with acute malnutrition, compounding the risks to infant health and survival.

Alima has expanded its operations to include mobile clinics designed to reach remote populations unable to travel to fixed facilities. These services include transport support for critical cases from surrounding communities.

However, Bahonan described the scale of need as exceeding operational capacity, particularly in Katsina, which has become a focal point of what aid workers describe as an intergenerational hunger crisis.Longstanding drivers of food insecurity, including climate variability and structural governance challenges, have been intensified by rising insecurity.

Attacks by jihadist groups and other non-state actors have disrupted farming activities and restricted access to agricultural land, further weakening household food production and income stability.The strain on the healthcare system is evident in workforce shortages. Nigeria’s doctor-to-patient ratio is estimated at roughly 1:9,000, significantly below the World Health Organization’s recommended ratio of 1:600.

Medical professionals continue to leave the country, citing delayed salary payments and limited career prospects, further reducing service capacity in already underserved areas.While digital health startups and private-sector partnerships have made progress in urban centres such as Lagos and Abuja, their reach remains limited in rural and conflict-affected regions due to infrastructure deficits and high inflation.

This uneven distribution of innovation has widened disparities in healthcare access.Analysts describe Nigeria’s current situation as a convergence of multiple crises. Joachim MacEbong, a senior analyst at Control Risks in Lagos, said the country faces overlapping economic, security, and human development challenges that reinforce one another.

He noted that these interconnected pressures are contributing to deteriorating health outcomes and weakening institutional response capacity.Humanitarian organisations have begun planning for the annual lean season, typically spanning June to September, when food stocks decline and malnutrition rates tend to rise.

The period is expected to place additional stress on already constrained health and nutrition services.Policy interventions have been introduced, though their impact remains uncertain.

In 2025, the Nigerian government partnered with the World Bank to implement the Accelerating Nutrition Results in Nigeria project, aimed at delivering basic nutrition services to vulnerable households.

A second phase of the programme is currently under way, but experts say broader structural reforms are required to improve food affordability and strengthen social protection systems.Supply chain inefficiencies continue to limit access to essential medicines and equipment.

Peter Bunor Jr, co-founder and head of growth at Field Intelligence, a health technology company focused on pharmaceutical logistics in Africa, said disruptions in global and domestic supply chains are contributing to shortages at the point of care.

Patients often travel long distances only to find that prescribed drugs are unavailable or replaced with alternatives, frequently at higher cost.Bunor said the impact of these shortages is amplified during a hunger crisis, as malnourished individuals are more susceptible to infections and require timely medical intervention.

He emphasised the need for better data integration and forecasting to prevent stockouts.In 2018, Field Intelligence launched the Nigeria Health Logistics Management Information System, a platform designed to track pharmaceutical supply data across public health programmes.

The system, now managed by the federal health ministry, has been expanded with support from UNICEF, and stakeholders are encouraging wider adoption among health agencies to improve coordination and anticipate shortages.Funding constraints remain a central concern.

Nigeria allocated approximately 5.2% of its 47.9 trillion naira national budget to the health sector, well below the 15% target set under the Abuja Declaration by African Union member states. Per capita health spending remains among the lowest on the continent.

In February, Health Minister Muhammad Ali Pate disclosed that of the 218 billion naira allocated for operations and capital projects under the ministry, only 36 million naira had been released. The figure, representing a small fraction of the approved budget, has raised concerns about implementation capacity and fiscal prioritisation.

MacEbong said the funding gap illustrates broader structural challenges in public finance management, noting that limited budget execution undermines service delivery even where allocations exist. He added that the scale of the crisis requires sustained government attention, particularly in sectors directly linked to human capital development.

Aid organisations continue to call for increased domestic investment in health and nutrition, alongside improved coordination with international partners.

As conditions in northern Nigeria worsen, frontline health workers face mounting pressure to manage a growing caseload with limited resources, highlighting systemic vulnerabilities in one of Africa’s largest economies.

Sharaa, whose forces ousted longtime ruler Bashar Assad late last year, is set to meet U.S. President Donald Trump at the White House on Monday. The visit marks the first by a Syrian head of state to the United States since the country’s independence in 1946, analysts said.

The interim Syrian leader previously met Trump in Riyadh in May during the U.S. president’s regional tour.

Washington’s envoy to Syria, Tom Barrack, said earlier this month that Sharaa was expected to sign an agreement for Syria to join the international U.S.-led coalition against the Daesh (Islamic State) group.

According to a diplomatic source in Damascus, the United States also plans to establish a military base near the Syrian capital “to coordinate humanitarian aid and observe developments between Syria and Israel.”

Delisting and Diplomatic Shifts

The U.S. State Department’s decision to remove Sharaa from the terrorism blacklist on Friday had been widely anticipated.

State Department spokesman Tommy Pigott said Sharaa’s government had made progress in addressing key American demands, including cooperation on locating missing U.S. citizens and eliminating any remaining chemical weapons stockpiles.

“These actions are being taken in recognition of the progress demonstrated by the Syrian leadership after the departure of Bashar Assad and more than 50 years of repression under the Assad regime,” Pigott said.

He added that removing Sharaa from the blacklist would promote “regional security and stability as well as an inclusive, Syrian-led and Syrian-owned political process.”

Crackdown on Daesh

Syria’s interior ministry announced on Saturday that it had carried out 61 raids and made 71 arrests in a “proactive campaign to neutralize the threat” of Daesh, according to the state-run SANA news agency.

The ministry said the operations targeted suspected Islamic State sleeper cells across several provinces, including Aleppo, Idlib, Hama, Homs, Deir ez-Zor, Raqqa, and Damascus.

Following his arrival in Washington, Sharaa met with representatives of Syrian community organizations in the U.S. capital, Syrian media reported.

In a lighthearted moment ahead of his departure, Syrian Foreign Minister posted a video on social media showing Sharaa playing basketball with U.S. CENTCOM Commander Gen. Brad Cooper and Kevin Lambert, head of the international anti-Daesh coalition in Iraq, with the caption: “Work hard, play harder.”

From Rebel Commander to Statesman

Sharaa’s visit to Washington follows his appearance at the United Nations General Assembly in September — his first trip to U.S. soil — where he became the first Syrian president in decades to address the assembly in New York.

On Thursday, the U.S. led a Security Council vote to lift U.N. sanctions against him.

Once affiliated with Al-Qaeda, Sharaa formerly led the militant group Hayat Tahrir Al-Sham (HTS), which was delisted as a terrorist organization by Washington in July.

Since seizing power, Syria’s new leadership has sought to distance itself from its extremist roots and project a more moderate, internationally acceptable image.

“The White House visit is further testament to the U.S. commitment to the new Syria and a hugely symbolic moment for the country’s new leader, who thus marks another step in his astonishing transformation from militant leader to global statesman,” said Michael Hanna, U.S. Program Director at the International Crisis Group.

Reconstruction Challenges Ahead

Sharaa is expected to seek international funding for Syria’s post-war reconstruction during his visit. The country faces enormous economic and humanitarian challenges after 13 years of civil conflict.

In October, the World Bank estimated the cost of rebuilding Syria at a “conservative best estimate” of $216 billion.

As Washington and Damascus cautiously rebuild diplomatic ties, Sharaa’s visit signals what many observers see as a historic turning point — both for Syria’s reemergence on the world stage and for a region long defined by conflict and isolation.

Speaking after attending the fourth G20 Finance Ministers and Central Bank Governors Meeting in Washington, held under South Africa’s presidency, Al-Jadaan underlined that while the global economy faces “structural shifts,” these transitions also present opportunities for adaptation and renewal.

Accompanied by Saudi Central Bank Governor Ayman Alsayari, Al-Jadaan noted that 2025 and 2026 will be critical years for global fiscal stability.

He explained that the ongoing adjustments in monetary policies, trade relations, and technology adoption are reshaping the world economy, calling for balanced and forward-looking approaches.

“We are entering an era of transformation,” he said, “and this demands not withdrawal from global systems, but greater collaboration to strengthen trust and investment.”

The finance minister urged nations to protect and enhance the multilateral trading system, describing it as the foundation of international prosperity.

He called for collective reforms that would make global trade more inclusive, transparent, and efficient. “The solution lies not in isolation but in cooperation,” Al-Jadaan emphasized, reaffirming Saudi Arabia’s support for policies that ensure shared global progress.

Al-Jadaan highlighted fiscal discipline and sustainable public debt as “fundamental pillars” of economic resilience. He explained that governments worldwide must continue prioritizing transparency and sound governance to manage public resources effectively. “Fiscal discipline builds investor confidence,” he said, “and ensures that countries are better equipped to face external shocks.”

He also pointed out that enhanced spending efficiency is crucial to achieving long-term growth and protecting citizens from inflationary pressures. Saudi Arabia, he noted, has made significant strides in this regard through Vision 2030 reforms, which emphasize accountability, innovation, and private sector empowerment.

Addressing the rapid pace of digital transformation, Al-Jadaan said that artificial intelligence, fintech, and digital assets are reshaping global markets at an unprecedented speed. He called for proactive regulatory frameworks that strike a balance between innovation and security, ensuring that technology becomes a driver of opportunity rather than risk.

“The rise of AI and digital finance presents extraordinary potential for productivity and inclusion,” he explained. “However, it is our responsibility as policymakers to ensure these technologies are governed responsibly, promoting trust and stability.”

During discussions on Africa’s economic growth, the Saudi minister reaffirmed the continent’s growing importance to global prosperity. He called for practical and implementable solutions to reduce the cost of capital, attract private investment, and strengthen financial sustainability.

“Africa is a key partner in the future of global growth,” Al-Jadaan stated, highlighting Saudi Arabia’s deep and historic partnership with African nations. He noted that the Kingdom has financed vital projects in over 40 countries across sectors such as infrastructure, energy, and healthcare—initiatives aimed at fostering inclusive and lasting development.

He also called upon multilateral institutions to support structural reforms that enhance productivity and create the right conditions for private sector-led expansion. “True progress in Africa and beyond requires coordinated global support and long-term commitments,” he said.

In closing, Al-Jadaan emphasized that while the global economy is undergoing significant change, countries can turn challenges into opportunities through unity and innovation. “The years ahead will test our resilience, but also our capacity to cooperate and evolve,” he said. “Together, we can build an economy that is not only stable but also sustainable and inclusive.”

His message at the G20 meeting reaffirmed Saudi Arabia’s role as a proactive global partner—championing responsible growth, fiscal prudence, and technological progress. As the world navigates a rapidly evolving economic landscape, the Kingdom continues to advocate for solutions rooted in collaboration, transparency, and shared prosperity.

If Washington and Riyadh can seize this moment to work together, they could reshape not just Syria’s destiny but also the broader regional landscape.

Next week marks a critical juncture for Syria’s embattled leadership—a rare opportunity to step onto the global stage and present their vision for the country’s recovery. A senior delegation is set to travel to Washington D.C. to participate in the IMF and World Bank spring meetings.

The stakes could not be higher. What unfolds in this high-profile forum may well shape Syria’s future trajectory after more than a decade of devastating conflict, economic collapse, and social disintegration.

This historic opportunity is underscored by a series of quiet but significant developments behind the scenes. Saudi Arabia, once distant from Syria’s political orbit, is now actively working with the World Bank to convene a high-level reconstruction roundtable. The gathering is expected to draw influential players including the G7 finance ministers and the IMF chief, signaling a serious shift in regional and international engagement.

Importantly, Riyadh has already taken concrete steps to remove financial obstacles by settling Syria’s $15 million debt to the World Bank. This move clears a major hurdle and paves the way for Syria to access potentially hundreds of millions in reconstruction grants. The focus of these funds will be on vital sectors such as repairing the devastated electricity grid and funding public sector salaries—critical lifelines for a country struggling to maintain basic services.

Michael Arizanti, a seasoned commentator on Middle Eastern affairs, succinctly framed this emerging reality: “This isn’t about handouts — it’s about hard-headed stability. A stable Syria benefits everyone, especially in a region that has paid dearly for more than a decade of conflict, economic collapse, and mass displacement.”

Yet, Arizanti cautions that rebuilding Syria requires more than money and good intentions. The foundation of renewed international cooperation depends heavily on confidence — and that starts with sanctions relief. Syria remains shackled by punitive measures that complicate every business deal, every investment decision, and every diplomatic outreach. Without clear pathways for easing these sanctions, the prospect of reconstruction remains fragile at best.

Syria’s Central Bank Governor, Husriyeh, underscored this message in a recent interview with Reuters, highlighting his delegation’s priority at the Washington meetings, “We want to be part of the international economy. And we hope the global community will help us remove any obstacle to this integration.” His words reflect the deep urgency within Syria’s economic leadership to reintegrate into the global financial system—a prerequisite to attracting the tens of billions in investments the country desperately needs.

Echoing this perspective, Abdallah Dardari, the UNDP’s senior figure on regional development, delivered a sobering reminder, “Even suspending sanctions won’t be enough. If I were an investor putting $100 million into a power plant, I couldn’t risk sanctions snapping back next year. They must be lifted in a comprehensive and lasting way.” His insight highlights the chilling effect that sanctions uncertainty has on investment flows—essential capital that Syria needs not just to stabilize but to build a sustainable post-war future.

The significance of this moment cannot be overstated. Regional players have begun to recalibrate their approach. Last month, Qatar announced plans to supply Syria with natural gas via Jordan to alleviate the chronic electricity shortages that plague the country. This move signals a thawing of Gulf ties after years of political estrangement and hesitation, and it highlights the practical benefits of engagement over isolation.

However, progress still faces formidable obstacles—primarily emanating from within Washington. Certain factions aligned with Israeli Prime Minister Netanyahu remain deeply skeptical of re-engagement with Damascus, citing Syria’s past ties to extremist groups such as Al-Qaeda as justification to maintain a hard line.

Arizanti argues this stance is dangerously outdated: “If we’re serious about fostering peace, rebuilding institutions, and preventing the return of chaos — we must look at today’s realities, not yesterday’s headlines.”

Indeed, the path forward demands courage and pragmatism on both sides. From the Syrian government, it requires transparency, meaningful reform, and a credible roadmap toward a stable and peaceful future. From the West—especially the United States—it requires abandoning isolationist policies that have failed to bring peace and instead embracing engagement as the only sustainable strategy to break the vicious cycle of conflict and despair.

“The international community must offer a credible path back into the global system,” Arizanti insists. “Isolation has failed. Engagement is the only sustainable path to peace, stability, and reconstruction—not just for Syria, but for the entire Levant.”

If Washington and Riyadh can seize this moment to work together, they could reshape not just Syria’s destiny but also the broader regional landscape. The coming weeks will be a test of political maturity and strategic clarity. For Syria, and for the millions of Syrians yearning for peace and normalcy, this moment may be the long-awaited turning point.