Iran’s USD 30 billion gamble on Syria and its unresolved USD 1 trillion claim from Iraq reveal the mounting cost of its regional ambitions.
Iran’s USD 30 billion gamble on Syria and its unresolved USD 1 trillion claim from Iraq reveal the mounting cost of its regional ambitions, as domestic discontent grows.Syria’s debt to Iran is estimated at USD 30 billion. This figure, originating from the Office of the Iranian Presidency, was leaked in August 2023. It represents the price Iran has paid since 2011 to keep Assad in power.
Trade and economic relations between Iran and Syria were diverse, encompassing — until Assad’s downfall — sectors such as energy, industrial goods, vehicles, arms, petrochemicals, construction materials, financial investments, and significant cash flows brought into Syria by Iranian pilgrims visiting sacred Shiite sites near Damascus. Over 14 years, Iran exported an average of 60,000 barrels of oil per day to Syria.
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