US President Trump says this is great, in reference to a WaPo piece of Syria pitching itself as an alternative to the Strait of Hormuz
PRIMER - Today’s Fedspeak includes: Waller, Hammack, Goolsbee
Turkish Foreign Exchange Reserves (Aug/28) 71.11B (Prev. 74.228B)
US President Trump says this is great, in reference to a WaPo piece of Syria pitching itself as an alternative to the Strait of Hormuz
Ukrainian Navy says it struck a Russian support vessel in Sochi port
GE Vernova (GEV) supplies 16 turbines for ESB's 96 MW Chleansaid wind farm in Scottish highlands
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
Proposals to route Gulf energy across Syria to the Mediterranean rather than through the Strait of Hormuz revive a long-standing idea: overland pipelines have historically served as the structural hedge against chokepoint risk at Hormuz, with trans-Arabian and East-West routes built for precisely that purpose, and Syria itself once hosted transit lines from Iraq to the coast. What separates such pitches from existing bypass infrastructure is that they remain aspirational: capacity, security of right-of-way, and financing take years to build, so they have never altered near-term pricing of Hormuz disruption risk, which continues to be expressed through tanker rates, war-risk insurance, and the Brent-Dubai and prompt spread complex. A presidential endorsement of a press report of this kind is signalling rather than policy; the read that matters is whether it reflects movement on Syrian normalisation, sanctions relief, or Gulf funding commitments, since those are the preconditions any transit project would need. Prior episodes of headline-level enthusiasm around alternative routes have faded without follow-through unless accompanied by concrete intergovernmental agreements. The follow-ons are official statements from the parties involved, any movement in Syrian sanctions posture, and whether physical market premia for Hormuz transit show any response at all.
Related headlines
- The IDF says it has completed clearing Hezbollah's underground infrastructures in the Ali Taher Ridge and is working to neutralize them, N12 reports46 min ago
- Ukraine President Zelensky says US Negotiators to visit Kyiv and Moscow; Ukraine expects meeting with US in coming days1 hour ago
- Senior Iranian Source says situation on the battleground demonstrates Iran's readiness for a long-term confrontation with the US, reports Tass1 hour ago
- Oman has quietly rejected Iran’s request to jointly charge service fees on commercial ships in the Strait of Hormuz, reports NY Post1 hour ago
- Israel PM Netanyahu says to the General Staff Forum "We are convinced of our ability to overthrow the Iranian regime. This is the central mission and it is imminent."2 hours ago
- US issues fresh Cuba-related sanctions2 hours ago
- A US official confirmed to CBS News on Thursday that Iran's attacks overnight didn't impact any military facilities in the Middle East where US forces are based, including in Kuwait, which was targeted by Iranian forces2 hours ago
- Saudi Arabia reportedly sets October Arab light crude oil OSP to Asia at minus USD 2/bbl vs Oman/Dubai average, according to a pricing document3 hours ago
- Russia attacked Ukrnafta production sites, according to reports3 hours ago
- US President Trump says for the treasonous scum that refuses to accurately report on our military operation in Iran, we have virtually unlimited amounts of mid to high grade ammunition3 hours ago
- Russia summoned Norwegian ambassador over seizure of Russian ship by Norway, RIA reported 3 hours ago
- US President Trump's administration is reportedly ratcheting up its fight to get more oil flowing from California, AP News reports4 hours ago
- [CALENDAR UPDATE] German Defence Minister to meet his US counterpart in Washington on 15th September 4 hours ago
- US EQUITY OPEN: Dovish Waller helps push indices higher although AVGO guidance underwhelms4 hours ago
- US Daily Equity Opening News - MSFT to report quarterly Azure sales; AVGO and HPE fall on outlooks; SNOW surges on earnings beat5 hours ago
- US President Trump clarifies that Commerce Secretary Lutnick had Venezuela on his mind when he said nobody was killed, adds that 18 people were killed in Iran6 hours ago
- PRIMER - Today’s Fedspeak includes: Waller, Hammack, Goolsbee6 hours ago
- Ukrainian Navy says it struck a Russian support vessel in Sochi port7 hours ago
- US President Trump posts image of 20mln BPD through the Hormuz vs. 18mln BPD before7 hours ago
- Russian Deputy PM Novak says Russia's gas supplies to China will reach 50bln cubic metres this year, reports Tass7 hours ago
The whole workspace, free to try.
Try it free