Syrian city and governorate capital with a storied history
Parliament has convened for the first time under a five-year transitional framework after Bashar al-Assad’s ouster. The assembly includes appointees by President al-Sharaa and elected members, with debates over representation, a new constitution, and transitional justice shaping the agenda.
Global stocks have rallied this month after officials reported progress in talks to reopen the Strait of Hormuz, and a string of strong corporate earnings has bolstered investor sentiment. Treasuries and oil prices have fallen as traders pare back expectations for near-term Fed hikes; strategists warn valuations and one-off earnings boosts limit further upside.
Syria has raised diesel and petrol prices by up to 40% amid global energy pressures and a maintenance overhaul at the Baniyas refinery. The government says the move is temporary and aims to secure supplies, while protests have erupted in multiple regions. Authorities plan to restart small refineries to meet demand and reduce imports.
Syrian authorities have detained several former officers, including pilots and generals, for alleged planning and executing airstrikes on populated areas during the civil war. The arrests form part of a broader accountability push by the new authorities since Assad’s collapse in 2024, with investigations linked to airbases and command centers.