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
Newsquawk Staff ·
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.
What it means
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.
Sources
- US President Trump says we’re close to ending, I hope, the Russia-Ukraine war
- White House says President Trump has further modified Canadian products subject to tariffs under Section 338; tariff changes will take effect on 30th October 2026
- US President Trump, on Iran, says we may do another operation against Iran; doubts Iran will say ‘let’s get down to business’
- US President Trump says the US will turn its attention to Cuba after dealing with Iran, telling a rally in Florida that “we’ll take care of Cuba on our way back from Iran”
- Iran’s IRGC says two tankers struck naval mines while trying to use an unauthorised route south of the Strait of Hormuz, Tasnim reports
Related headlines
- Foreign Ministers of Egypt, Saudi Arabia, Turkey and Pakistan say ‘Israeli occupation is the main source of instability in the region and beyond’, according to a statement1 hour ago
- CRUDE WRAP: WTI (Z6) SETTLES USD 3.80 HIGHER AT USD 103.27/BBL; BRENT (Z6) SETTLES USD 3.55 HIGHER AT USD 116.72/BBL1 hour ago
- Citi says it remains neutral on copper until more energy-market and tariff clarity emerges; views any associated risk-off episodes as good long-term buying opportunities2 hours ago
- Iran and Russia to hold talks in Moscow next week, Mehr reports2 hours ago
- US Ambassador to Turkey Tom Barrack says US could strike Iran as soon as this weekend, AFP reports citing an interview on Israeli radio3 hours ago
- Iran has developed plans to target undersea communications cables in the Gulf if the US and Israel launch further attacks, according to two officials speaking to Reuters3 hours ago
- Russia's Kremlin says Russian and Ukrainian militaries are working to determine dates for ceasefire talks5 hours ago
- Ukraine President Zelensky says a team level meeting between the US, Russia and Ukraine has been agreed for the first half of November5 hours ago
- UKMTO received a time-late report that a tanker was struck by an unknown projectile 7NM northeast of Limah, Oman; in reference to an incident on October 225 hours ago
- US President Trump says "we could end the Iran war very quickly", adds "do we want to finish it or let it within is the question"5 hours ago
- US President Trump is set to speak with UK PM Burnham this afternoon on the Russia-Ukraine situation, BBG reports5 hours ago
- Turkish FM says nobody approves another attack on iran, diplomacy is the only way, following a meeting with European counterparts5 hours ago
- Senior Ukrainian Official says that a ceasefire in Russian-occupied Oleshky is to be established soon5 hours ago
- US Treasury Secretary Bessent posts "... the United States is no longer managing the Iranian threat. We are ending it."6 hours ago
- Newsquawk Weekly Economic Release 26th - 30th October 2026 6 hours ago