Since the start of the U.S.-Israeli attack on Iran in February 2026, Syria has sought to avoid involvement. While some officials in Damascus have claimed that the conflict provides economic opportunities, especially in future oil transit revenues, the country's political, security and economic vulnerabilities are growing. The conflict has caused energy shortages, currency depreciation, and inflation, worsening Syria's already struggling economy. Additionally, Gulf investments may decrease, further straining recovery. Politically, Syria faces risks from regional tensions, particularly from pro-Iran militias and Israeli incursions into its territory.
