The Syrian Oil: Time for New Approach?

US - Russian Struggle Opens Opportunity for 'War lords'

US forces conduct training with the "Syrian Democratic Forces" in Hasaka countryside on September 7 (EPA)
US forces conduct training with the "Syrian Democratic Forces" in Hasaka countryside on September 7 (EPA)
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The Syrian Oil: Time for New Approach?

US forces conduct training with the "Syrian Democratic Forces" in Hasaka countryside on September 7 (EPA)
US forces conduct training with the "Syrian Democratic Forces" in Hasaka countryside on September 7 (EPA)

With the war in Syria now in its twelfth year and with the US-Russian conflict still ongoing to control the oil sector and its potential, local belligerents and regional opponents have found in oil a rare point of consensus to cooperate and pick clean the country’s wealth and revenues.

Oil production from fields and facilities mainly located in north-eastern Syria was about 400,000 barrels per day prior to the conflict. After the eruption of the conflict in 2011, various warring forces, including opposition factions and ISIS, successively seized control of much of this invaluable oil wealth. Western sanctions placed on the oil sector have caused foreign oil companies to leave the country.

The Syrian Democratic Forces (SDF), a US-backed coalition, currently controls one-quarter of Syria’s territory, including the area east of the Euphrates. This means that the SDF now dominates 90 percent of the oil and over 50 percent of the gas fields, as well as the infrastructure owned by foreign companies, according to legitimate contracts signed with the Damascus government, including Gulfsands Petroleum, Total, and Shell. Oil wells and facilities were cordoned off and “protected” by the US-led coalition forces and SDF.

On the other hand, Damascus announced that the oil sector’s losses since the beginning of the crisis amounted to USD 91.5 billion. Oil Minister Bassam Tohme revealed that the daily oil production is 89,000 barrels, mainly in Kurdish-controlled areas. Tohme describes this oil as being “stolen” from the Syrian people.

International Conflict

After the Russian military intervention in late 2015, Damascus signed contracts with Russian companies to invest in the oil and gas sectors in Syria and its territorial waters. It also contracted with Evro Polis, the Yevgeny Prigozhin-linked company financing Wagner mercenaries, to protect oil and gas facilities and liberate them from ISIS in exchange for 25 percent of their proceeds. This included Evro Polis taking control of Suncor’s large Ebla gas development near Palmyra – an operation that led to many casualties.

This agreement was the cover under which the Wagner paramilitary group operated. Wagner was estimated to have as many as 2,500 men in Syria in 2018. They participated in the fighting in Syria or took part in training and preparation camps in Russia. Some of them have been relocated to Libya and now to Ukraine.

In reality, the agreement between Evro Polis and Damascus only covered areas under Damascus control. In early 2018, Wagner mercenaries launched an assault on the Conoco gas plant in the eastern Euphrates, a position of the SDF, but they were hammered by US artillery and airstrikes that killed about 200 mercenaries.

In late 2019, former US President Donald Trump made a shock announcement that American troops would withdraw from the area around Syria’s border with Turkiye, east of the Euphrates, giving Turkiye the green light to invade northern Syria and putting the SDF, Washington’s allies, under new pressure. On October 6, 2019, Republican Senator Lindsey Graham, together with some US and European officials, persuaded President Trump to keep 900 members of the US military there to protect the oil. Trump later said that "a small number of soldiers will remain in the areas that contain oil," stressing that "we have ensured the security and protection of oil."

In July 2020, Washington announced that SDF Commander Mazloum Abdi informed the Trump administration of the signing of an agreement with the American company Delta Crescent Energy to invest in oil after obtaining a waiver from the Treasury Department from the sanctions placed on Syria. Then-Secretary of State Mike Pompeo said the deal was intended to "modernize oil.”

The situation embarrassed the US Department of Defense which issued conflicting statements. It initially stated that "Syrian oil is for the Syrian people and we remain committed to the unity and territorial integrity of Syria.” It further emphasized that “the US government does not own, control, or manage the oil resources in Syria. The populations in areas liberated from ISIS make their own decisions on local governance.” Former US Defense Secretary Mark Esper announced that "we are now taking measures to strengthen our position in Deir el-Zour to deny ISIS access to the oil fields.” The Pentagon confirmed sending troops and armored vehicles to protect oil fields.

The US-Russian conflict is still ongoing. An opposition leader said that high-ranking Russian officers had repeatedly informed the SDF leaders to allow Russian companies that signed contracts with Damascus to work in the oil fields east of the Euphrates, but the Kurdish officials responded that this required the approval of the US allies that co-control the oil fields.

A stand-off has ensued, with undesirable consequences.

Illegal but all Too Comfortable

The ongoing Russian-US conflict has been aggravated as a result of the war in Ukraine and the stagnation of the military situation in Syria, especially with the absence of a prospect for a political solution while economic and humanitarian needs of the Syrian people escalate. This means that oil has emerged as a factor of tacit cooperation between illegitimate Syrian and foreign belligerents to share the revenues of about 89,000 barrels per day.

According to expert estimates, the Autonomous Administration of North and East Syria (AANES) receives around USD 16 per barrel and a further USD 15 goes to the Syrian government. The remaining amount, which could amount up to USD 50 per barrel, is ‘lost’ and ends up in the hands of these war profiteers. The AANES uses part of the production locally, while the mediators and the war profiteers transport another part to government areas (constituting two-thirds of Syria’s territory) for refining or keeping. It is well reported that oil is also smuggled into Iraqi Kurdistan, either for local use or for smuggling into Turkiye. Oil is sold at very low prices and the fields and surrounding environment now suffer considerable damage.

Officials talk about networks operating in the shadows to smuggle oil and its derivatives between the east of the Euphrates, controlled by the SDF whose linchpin is the Kurdish People's Protection Units (YPG), and the Euphrates Shield areas or other enclaves controlled by the Syrian opposition factions and the Turkish army. It is noteworthy that the military forces in these two regions are involved in daily fighting, strikes, and raids, and exchange accusations of disloyalty, treason, and terrorism.

The same applies to the path crossed by oil tanks from the eastern Euphrates to oil refineries in the areas controlled by the Syrian government. The latter accuses the dominant forces in the east of the country of being traitors and agents of the American occupation. In the same vein, an informed source said that officials in the Kurdistan Workers' Party (PKK) advised leaders of the SDF to coordinate with Damascus regarding the sale of oil internally and regionally.

The cooperation between the belligerents extends beyond the borders. Reports indicate that oil is smuggled into Iraqi Kurdistan and some Turkish regions, with the involvement of mediators and individuals close to the decision-makers there, although political and military differences are ongoing between the decision-makers in Qamishli and Erbil. In this regard, an informed Western official said, "most likely, the decision-makers in these areas are not in a hurry to reach a political solution that would impede the flow of money into their pockets. It is most likely that the war profiteers in the local areas of influence and the neighboring countries do not want the war to end.”

An Alternative Approach -

When President Joe Biden assumed office, his administration announced sanction exemptions that allowed some targeted investments, (although this excluded the oil industry), in Eastern Euphrates. However, it decided not to extend the sanction waiver granted to Delta Crescent Energy for many reasons, mainly the objection of foreign companies holding sovereignty rights in the oil fields. For instance, Gulfsands Petroleum (“Gulfsands”) signed a contract with Damascus in 2003 to invest in and develop Block 26 east of the Euphrates. According to its 2021 annual report, unauthorized production from Block 26 since early 2017 has reached about 20,000 barrels per day, meaning that around 35 million barrels have been produced from the block since then.

Meanwhile, London-based Gulfsands is calling for a "win-win" humanitarian initiative that would enable it and other international oil companies to regain control of their assets. Rather than flow to the sanctioned entities and other unauthorized intermediaries , the Gulfsands initiative would see revenues from oil sales transferred to a UN-controlled fund. John Bell, the managing director of Gulfsands, said a new approach was needed to alleviate the enormous suffering in Syria. He added, "Syria needs billions of dollars that can only be generated with oil and gas,” and described the plans as "a gain for the Kurds, Damascus, and the Syrian people." He also posited that a share of oil proceeds would go to a UN-controlled humanitarian account whose payments are fully in line with the international sanctions placed on Syria.

That might seem simple, but analysts have linked the initiative with the Oil-for-Food program enforced in Iraq before the US invasion in 2003. Bell acknowledges that lessons need to be learned from that ill-fated program as he proposes the initiative to the international stakeholders. This is a particularly timely initiative as discussions continue regarding the extension of providing international aid across borders, including the amendment to include the financing of early recovery projects and other humanitarian and health affairs.



Macron Leaves Future Open as Political Curtain Nears

 24 April 2026, Cyprus, Nikosia: French President Emmanuel Macron arrives at the informal meeting of the EU heads of state and government. (dpa)
24 April 2026, Cyprus, Nikosia: French President Emmanuel Macron arrives at the informal meeting of the EU heads of state and government. (dpa)
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Macron Leaves Future Open as Political Curtain Nears

 24 April 2026, Cyprus, Nikosia: French President Emmanuel Macron arrives at the informal meeting of the EU heads of state and government. (dpa)
24 April 2026, Cyprus, Nikosia: French President Emmanuel Macron arrives at the informal meeting of the EU heads of state and government. (dpa)

With just one year left in his second five-year term, French President Emmanuel Macron has said he will quit politics in 2027 -- leaving observers and supporters guessing about his next moves.

"I wasn't in politics before and I'm not going to be after," Macron said Thursday during a visit to a high school in Cyprus.

He added that at this late stage in office, the "hardest thing" was to strike a balance between defending his record and acknowledging what "didn't work out".

France's political and media world is already abuzz as the race for 2027 has "already begun", said Philippe Moreau-Chevrolet, a communications expert at Sciences Po university.

For now, would-be candidates are playing up their softer sides, with far-right National Rally (RN) party chief Jordan Bardella showing off a romance with Princess Maria Carolina of Bourbon-Two Sicilies in glossy magazine Paris Match.

And Gabriel Attal, one of Macron's string of former prime ministers, has offered personal revelations in a book as he shores up his bid to lead the centrist camp into the 2027 vote.

"Now is a good time for the president-- who in any case won't be in charge of much anymore -- to announce and lay the groundwork for his departure," Moreau-Chevrolet said.

"He needs to tell an alternative story while leaving what's next up to speculation."

- Rear-view mirror -

Macron has sought in recent weeks to spruce up public perceptions of his legacy -- even as would-be successors in his own ranks try to distance themselves from a historically unpopular leader.

The 48-year-old may be hoping to mimic the trajectory of Jacques Chirac, president in the late 1990s and 2000s.

Once out of the cut and thrust of daily politics and with his various scandals fading, conservative Chirac's public image recovered and many now look back on his era with nostalgia.

"At some point there'll be a change in perspective, because he won't be a political personality any longer," a person close to Macron said.

"There'll be a re-emergence of some of the key elements and consistency" in his policy, the person added, such as his push for "industrial and European independence in the face of crises."

Macron remains highly visible outside France, standing up to US President Donald Trump over his threats to annex Greenland and criticizing the war against Iran.

His long-vaunted White House relationship has cooled in recent months as Trump becomes a liability even for his supposed political allies in Europe's far right.

"I didn't speak to him in the last few hours because I didn't see a need for it," Macron said dismissively of Trump Monday during a visit to Poland.

The president's "true role has been on the international stage," said Moreau-Chevrolet.

In January, Macron energized the World Economic Forum in Davos with a "defense of European democracies and Gaullist position" of technological and military emancipation from the United States.

Images raced around the internet of the French leader wearing aviator-style sunglasses to protect a broken blood vessel in his eye, as he called for Europe to stiffen its spine.

- #Macron2032? -

Macron's stated intent to leave active politics "doesn't mean that he'll be out of the picture altogether," Moreau-Chevrolet said.

The person close to Macron said that "he was talking about politics in the party-political sense".

Some observers suggest he could seek a post heading an intergovernmental body such as the International Monetary Fund (IMF) or European Commission.

One centrist leader predicted that "he'll start up an outfit of his own after 2027. And there will be people calling for #Macron2032," the next presidential election when he could stand again.

In the meantime, "he's not taking leave of the questions he's passionate about, reindustrialization of France, AI, the defense industry, international affairs. He leaves the rest to the prime minister and doesn't bother about it," one sitting minister said.

As the 2027 campaign progresses, Macron will likely leave the battle up to the centrist candidate to succeed him -- with the subtext that "I have a legacy and you must stand up for it," the minister added.


Iranians Have Long Sought Work and Relative Stability in Türkiye. The War Could Force Some to Return

Iranian Serdar Taghizade speaks to a customer inside his currency exchange business in Istanbul on Monday, April 13, 2026. (AP Photo/Khalil Hamra)
Iranian Serdar Taghizade speaks to a customer inside his currency exchange business in Istanbul on Monday, April 13, 2026. (AP Photo/Khalil Hamra)
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Iranians Have Long Sought Work and Relative Stability in Türkiye. The War Could Force Some to Return

Iranian Serdar Taghizade speaks to a customer inside his currency exchange business in Istanbul on Monday, April 13, 2026. (AP Photo/Khalil Hamra)
Iranian Serdar Taghizade speaks to a customer inside his currency exchange business in Istanbul on Monday, April 13, 2026. (AP Photo/Khalil Hamra)

Sadri Haghshenas spends her days selling borek — a layered, savory pastry — at a shop in Istanbul, but her mind is on her daughter in Tehran.

The family had to send her home to Iran after they ran into difficulties renewing her visa, despite fears that a shaky ceasefire could soon collapse.

For years, short-term residency permits have allowed tens of thousands of Iranians to pursue economic opportunities and enjoy relative stability in neighboring Türkiye. But it's a precarious situation, and the war has raised the stakes.

“I swear, I cry every day,” Haghshenas said, raising her hands from behind the counter of the pastry shop. “There is no life in my country, there is no life here, what shall I do?”

Haghshenas and her husband moved to Türkiye five years ago with their then-teenage daughters and have been living on tourist visas renewable every six months to two years.

They could not afford a lawyer this year, because her husband is out of work due to health problems. As a result, they missed the deadline to apply for a new visa for their 20-year-old daughter, Asal, who is still in her final year of high school.

Asal was detained at a checkpoint earlier this month and spent a night at an immigration facility. Her mother found a friend to take her back to Tehran rather than face deportation proceedings that could complicate her ability to return to Türkiye. They hope she can come back on a student visa.

Haghshenas has been unable to talk to her daughter since she left because of a monthslong internet blackout in Iran.

A man walks past an Iranian grocery shop in Istanbul on Tuesday, April 14, 2026. (AP Photo/Khalil Hamra)

Türkiye has not seen an influx of refugees, as most Iranians have sought safety within their country. Many who have crossed the land border were transiting to other countries where they have citizenship or residency.

Nearly 100,000 Iranians lived in Türkiye in 2025, according to the Turkish Statistical Institute. Around 89,000 have entered Türkiye since the start of the war, while around 72,000 have departed, according to the United Nations' refugee agency.

Some Iranians have used short-term visa-free stays to wait out the war, but there are few options for those who want to stay longer.

Sedat Albayrak, of the Istanbul Bar Association’s Refugee and Migrant Rights Center, said that getting international protection status can be difficult, and the system encourages Iranians to apply for short-term permits instead.

“There are people who have lived on them for over 10 years," The Associated Press quoted him as saying.

Nadr Rahim, right, sits with a friend at an Iranian coffee shop in Istanbul on Tuesday, April 14, 2026. (AP Photo/Khalil Hamra)

If the war continues, more may have to return Nadr Rahim came to Türkiye for his children’s education 11 years ago. Now, the war may force him to go home.

Because of the difficulty of getting a permit to start a business or work legally in Türkiye, he lived off the profits of his motorcycle salesroom in Iran. But there have been no sales since the war started, and international sanctions — and the internet outage — make it extremely difficult to transfer funds.

His family only has enough money to stay in Türkiye a few more months. His children grew up in Türkiye and don't read Farsi or speak it fluently. He worries about how they would adapt to living in Iran, but said “if the war continues, we will have no choice but to return.”

In the meantime, he spends most of his days scrolling on his phone, waiting for news from his parents in Tehran or discussing the war over waterpipes with Iranian friends.

A 42-year-old Iranian woman came to Türkiye eight months ago, hoping to make money to support her family. She and her daughter registered as university students to get study visas.

She attends classes in the morning to keep her legal status before rushing to service jobs, sometimes working until 3 a.m.

They share a room with six other people at a women's boarding house, she said, speaking on condition of anonymity out of fear for her security should she return to Iran.

“I truly love Iran. If necessary, I would even go and defend it in war,” she says. But she sees no future there, while in Türkiye, she’s barely scraping by and only able to send small amounts of money to her parents.

“I have a bad life in Türkiye, and my parents have a bad life in Iran,” she said. “I came to Türkiye with so much hope, to support my parents and build a future. But now I feel hopeless.”

A 33-year-old freelance architect from Tehran traveled to Türkiye during Iran's violent crackdown on mass protests in January. She had planned to return after the situation calmed down, but then the United States and Israel went to war with Iran at the end of February.

“I started to believe that it’s a very bad situation, worse than I expected,” she said, speaking on condition of anonymity for fear of persecution if she returns to Iran.

She has been unable to work for her usual clients back in Iran because of the internet blackout. With the end of her 90-day visa-free window approaching, she can't afford to apply for a longer stay in Türkiye.

Instead, she has decided to go to Malaysia, where she will get free accommodation in return for building shelters during a month of visa-free stay.

She has no plan for what comes next.


Strait of Hormuz Blockade Step by Step: What Do We Know?

A view of Iranian-flagged cargo ship M/V Touska as the US Navy Arleigh Burke-class Aegis guided missile destroyer USS Spruance conducts its interception in a location given as the north Arabian Sea, in this screen capture from a video released April 19, 2026. (CENTCOM/Handout via Reuters)
A view of Iranian-flagged cargo ship M/V Touska as the US Navy Arleigh Burke-class Aegis guided missile destroyer USS Spruance conducts its interception in a location given as the north Arabian Sea, in this screen capture from a video released April 19, 2026. (CENTCOM/Handout via Reuters)
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Strait of Hormuz Blockade Step by Step: What Do We Know?

A view of Iranian-flagged cargo ship M/V Touska as the US Navy Arleigh Burke-class Aegis guided missile destroyer USS Spruance conducts its interception in a location given as the north Arabian Sea, in this screen capture from a video released April 19, 2026. (CENTCOM/Handout via Reuters)
A view of Iranian-flagged cargo ship M/V Touska as the US Navy Arleigh Burke-class Aegis guided missile destroyer USS Spruance conducts its interception in a location given as the north Arabian Sea, in this screen capture from a video released April 19, 2026. (CENTCOM/Handout via Reuters)

Shipping traffic through the Strait of Hormuz remained mostly at a standstill on Monday, with just three vessels crossing the vital waterway, according to Kpler, a maritime data firm.

On Sunday, a US Navy destroyer attacked and seized an Iranian-flagged cargo ship that US President Donald Trump said had tried to evade the US blockade on ships traveling to and from Iranian ports.

In a separate incident, the United Kingdom Maritime Trade Operations center, which is administered by Britain’s Royal Navy, said that two vessels had been hit while trying to cross the Strait of Hormuz, according to a notice published on Saturday.

In one instance, gun ships operated by Iran’s Revolutionary Guards Corps fired at a tanker without radio warning, the British organization said. In the second incident, a container ship was hit by “an unknown projectile” that damaged some of the containers.

On Tuesday, the US military said it had seized an Iran-linked tanker in international waters, in what appears to be the latest move to enforce a blockade as the ceasefire deadline looms.

The US military said it had boarded the tanker Tifani “without incident.”

The ship, capable of carrying 2 million barrels of crude, last reported its position on Tuesday morning near Sri Lanka in the Indian Ocean, according to MarineTraffic tracking data. It was close to fully loaded and had signaled Singapore as its destination.

A two-week ceasefire between the US and Iran is set to expire early Wednesday.

Latest developments

The US Navy has turned back 27 ships trying to enter or exit Iranian ports since an American blockade outside the contested Strait of Hormuz began about a week ago, the military’s Central Command said on Monday.

On Sunday, a Navy destroyer disabled and seized the Touska, an Iranian cargo ship, in the Gulf of Oman after it tried to evade the blockade. It was the first time a vessel was reported to have tried to evade the US-imposed blockade on any ship entering or exiting Iranian ports since it took effect last week.

The guided-missile destroyer Spruance, one of more than a dozen Navy warships enforcing the US blockade, ordered the vessel’s crew to evacuate its engine room.

The Spruance then fired several rounds from its Mk-45 gun into the ship’s propulsion system as it steamed toward the port of Bandar Abbas in Iran, Central Command said in a statement that included a video of the firing.

American officials will determine what to do with the disabled vessel once the search is completed, a US military official said on Monday, speaking on the condition of anonymity to discuss operational matters, according to the New York Times. One option would be to tow the stricken ship to Oman, independent specialists said. An alternative would be to let the Touska steam to an Iranian port, if it can.

A spokesman for Iran’s military reiterated a threat on Monday to “take the necessary action against the US military” in response to the ship’s seizure, Iran’s state broadcaster reported.

How is the US imposing the blockade?

According to CENTCOM, more than 10,000 US personnel, including sailors, marines, and airmen, are participating in the operation, supported by over a dozen warships and dozens of aircraft. The effort spans key waterways surrounding Iran, including the Arabian Gulf and the Gulf of Oman.

The US blockade on Iranian ports does not have a defined geographic boundary, and the United States can interdict vessels almost anywhere in international waters until they arrive at their final port.

Analysts say modern technology allows blockade enforcement at great distances.

Can ships evade the blockade?

Maritime intelligence experts say that more ships in and around the Strait of Hormuz seem to be adopting “spoofing” tactics to avoid detection.

Under international maritime law, most large commercial vessels travel with a transponder that automatically transmits the ship’s name, location, route and other identifying information. That includes a nine-digit number with a country code, which serves as a digital fingerprint for a ship.

The tactics were used by Russian “shadow fleet” vessels evading sanctions related to the invasion of Ukraine in 2022.

When a ship is engaged in spoofing, its captain can type in a false origin or destination or can pretend to be piloting another ship altogether. Vessels can also temporarily turn off their transponders, seeming to disappear in one place and reappear in another.

The strait is “a contested information environment,” said Erik Bethel, a partner at Mare Liberum, a maritime technology venture capital fund.

Still, whatever ruses they employ, vessels going to and from Iran may get only so far. It is difficult to pass between the open ocean and a waterway as narrow as the Strait of Hormuz without being detected.

“My expectation is that the US Navy can sit out in the Gulf of Oman,” said Ami Daniel, the chief executive of Windward, a maritime intelligence data provider. “I don’t think there’s a way to breach the blockade.”

What are the US and Iranian strategies?

The US blockade sets up a significant test in the Iran war: Which side can endure more economic pain?

Instead of directing missiles and bombs, Trump is trying to choke off Iran’s oil exports, which make up just about all of the government’s revenue.

Some experts questioned whether the US blockade would work.

“Iran is already hurting, and they have shown that they are willing to take more than a couple of hits,” said Ahmet Kasim Han, a professor of international relations at TED University in Ankara, Türkiye.

Iran’s strategy appears to be using its leverage over global energy markets, where Tehran has discovered new powers that can cause pain in the US economy through spikes in the price of gasoline and other staples.

Why is the strait so important?

The Strait of Hormuz is a strategic waterway connecting the Gulf to the Gulf of Oman and the Indian Ocean. It is the only sea route for moving oil, natural gas and other cargo out of the Gulf. Iran’s coastline runs along the entire route.

At the strait’s narrowest and most vulnerable point — between Iran to the north and the Musandam Peninsula of Oman to the south — the navigable channel is about two miles wide each for inbound and outbound traffic, according to the International Energy Agency.

The legal status of the strait is complex. It lies within the territorial waters of Iran and Oman, but under international law it is treated as an international waterway where ships are generally guaranteed passage.

Iran has signed but not ratified that framework and has disputed the extent of those rights.

Before the war, about 20% of global oil and liquid natural gas passed through the strait. Most of the fossil fuels are bound for Asia, especially China, India, Japan and South Korea.

Other large vessels also use the strait, including car carriers and container ships.

Crucial industrial goods traveling through Hormuz include helium from Qatar, fertilizer from Oman and Saudi Arabia, and plastic feedstocks from Saudi Arabia and Emirati petrochemical plants.

How does Iran control the strait?

Iran’s military can threaten shipping traffic throughout the Strait of Hormuz, even though much of its navy has been destroyed by US and Israeli strikes.

The United States and Israel launched their war against Iran on the argument that if Iran one day got a nuclear weapon, it would have the ultimate deterrent against future attacks.

It turns out that Iran already has a deterrent: geography.

“The Iranians have thought a lot about how to utilize the geography to their benefit,” said Caitlin Talmadge, a professor at the Massachusetts Institute of Technology who studies Gulf security.

*The New York Times