Middle EastEconomy / FinancePolitics

Iran provides three million barrels of Crude Oil to Syria


Iran continues to support Syria with massive oil shipments to address the fuel crisis in Syrian areas controlled by the al-Assad regime. This alliance would further strengthen the commitment between the Iranian theocracy and the Syrian dictatorship, which seeks to reinforce its position in the Mediterranean and open up new markets to stimulate the country’s economy. Syria has been dependent on its Iranian ally for oil supplies since the outbreak of the civil war, averaging around 70,000 barrels per day. However, supplies have dwindled as a result of tightening U.S. sanctions and Iran’s pursuit of cash exports. Similarly, according to…

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