Regional
Saudi Arabia plans to pay off Syria’s World Bank debts – Reuters
Syria has around $15 million in arrears to the World Bank which must be paid off before the international financial institution can approve grants and provide other forms of assistance.
Saudi Arabia plans to pay off Syria’s debts to the World Bank, paving the way for the approval of millions of dollars in grants for reconstruction and to support the country’s paralysed public sector, Reuters reported on Monday citing three people familiar with the matter
The plans, which have not been previously reported, would be the first known instance of Saudi Arabia providing financing for Syria since Islamist-led rebels toppled former leader Bashar al-Assad last year.
It may also be a sign that crucial Gulf Arab support for Syria is beginning to materialize after previous plans, including an initiative by Doha to fund salaries, were held up by uncertainty over U.S. sanctions.
Last month, Qatar announced a plan to provide Syria with gas via Jordan to improve the nation’s meagre electricity supply, a move that sources told Reuters had Washington’s nod of approval.
A spokesperson for the Saudi Ministry of Finance told Reuters, “We do not comment on speculation, but make announcements, if and when they become official.”
The Saudi government’s media office, a World Bank spokesperson and a Syrian government official did not immediately respond to requests for comment.
Syria has around $15 million in arrears to the World Bank which must be paid off before the international financial institution can approve grants and provide other forms of assistance.
But Damascus is short of foreign currency and a previous plan to pay off the debts using assets frozen abroad did not materialize, according to two people familiar with the matter.
World Bank officials have discussed providing financing to help reconstruct the country’s power grid, heavily damaged by years of war, and also to support public sector pay, two of the sources said.
Reuters reported on Saturday that Syria would send a high-level delegation to Washington for the yearly spring meetings of the World Bank and IMF later this month, marking the first visit by Syrian officials to the U.S. since Assad’s ouster.
It is unclear whether the Syrian delegation will meet with any U.S. officials.
Tough U.S. sanctions imposed during Assad’s rule remain in place.
In January, the U.S. issued a six-month exemption for some sanctions to encourage humanitarian aid, but this has had limited effect.
Last month the U.S. gave Syria a list of conditions to fulfil in exchange for partial sanctions relief but the administration of U.S. President Donald Trump has otherwise engaged little with the country’s new rulers.
That is in part due to differing views in Washington on how to approach Syria.
Some White House officials have been keen to take a more hard line stance, pointing to the new Syrian leadership’s former ties to Al-Qaeda as reason to keep engagement to a minimum, according to diplomats and U.S. sources.
Regional
Russia sought to blackmail US using intelligence to Iran, Zelenskiy says
Zelenskiy, who said on Monday that Ukraine’s military intelligence has “irrefutable” evidence that Russia is continuing to provide intelligence to Iran.
Russia sought to blackmail the United States by offering to stop sharing military intelligence with Iran if, in return, Washington would cut off Ukraine from its intelligence data, President Volodymyr Zelenskiy said on Wednesday.
Zelenskiy, who said on Monday that Ukraine’s military intelligence has “irrefutable” evidence that Russia is continuing to provide intelligence to Iran, told Reuters he had seen the data but provided no further details, Reuters reported.
Speaking in his presidential compound in Kyiv, Zelenskiy said that some Iranian drones, used to attack U.S. military assets and its allies during the war in the Middle East, contained Russian components.
“I have reports from our intelligence services showing that Russia is doing this and saying: ‘I will not pass on intelligence to Iran if America stops passing intelligence to Ukraine.’ Isn’t that blackmail? Absolutely,” Zelenskiy said.
He did not say who, according to the reports, Russia was addressing the comments to. Russia has denied assisting Iran in its month-old conflict with the United States and Israel – a denial that Washington said earlier this month that it had also received directly from Moscow when the issue was discussed.
Ukraine, which has faced sustained attacks by Iranian-designed Shahed drones since Russia launched its invasion in 2022, is helping several Gulf states – including Saudi Arabia, the United Arab Emirates, and Qatar – to counter drone attacks on their territory, the president said.
Zelenskiy said he hoped that Ukraine would be able to reach long-term deals with some Gulf countries that would raise funds for the production of Ukrainian drone interceptors or receiving much-needed air-defence missiles, read the report.
Regional
Israel strikes Tehran as Trump says US negotiating to end war
Israel struck the Iranian capital Tehran on Wednesday, Israeli military and Iranian media said, as President Donald Trump said the U.S. was making progress in its efforts to negotiate an end to the war, with reports of a 15-point plan sent to Tehran.
The Israeli Defense Forces said in a Telegram post it had launched a wave of strikes targeting infrastructure across Tehran. The semi-official Iranian SNN News Agency said the strikes hit a residential area in the city, with rescuers searching the rubble, Reuters reported.
Kuwait and Saudi Arabia said on Wednesday they had repelled fresh drone attacks, without stating where they originated. Drones targeted a fuel tank at Kuwait International Airport, causing a fire but no casualties, Kuwait’s Civil Aviation Authority said.
Iran’s Revolutionary Guards said it had launched a new wave of attacks against locations in Israel including Tel Aviv and Kiryat Shmona, as well as U.S. bases in Kuwait, Jordan and Bahrain, Iranian state media reported.
Trump said on Tuesday the U.S. was in “negotiations” to end the war, which has already killed thousands and created the worst energy shock in history, leading to global fuel shortages and roiling markets.
Stocks rose and oil prices fell on Wednesday on reports the U.S. is seeking a month-long ceasefire and had sent a 15-point plan to Iran for discussion, raising hopes for a resumption of oil exports out of the Persian Gulf.
Trump told reporters at the White House the U.S. was talking to “the right people” in Iran to end hostilities, adding the Iranians wanted to reach a deal very badly.
Iran’s powerful parliament speaker Mohammad Baqer Qalibaf on Monday dismissed such reports as “fake news.”
15 POINT PLAN SENT TO IRAN
The New York Times reported on Tuesday that Washington sent Iran a 15-point plan to end the war in the Middle East. Israel’s Channel 12, quoting three sources, said the U.S. was seeking a month-long ceasefire to discuss the 15-point plan.
A source familiar with the matter confirmed that the U.S. had sent a plan to Iran but provided no further details.
The Israeli media outlet said the plan would include the dismantling of Iran’s nuclear programme, ceasing support for proxy groups, such as Lebanon’s Hezbollah, and the reopening of the Strait of Hormuz.
The U.S. and Israel launched strikes on Iran on February 28 after saying they had failed to make enough headway in talks aimed at ending Iran’s nuclear programme, although mediator Oman said significant progress had been made.
Since then, Iran has attacked countries that host U.S. bases, struck Gulf energy infrastructure and effectively closed the Strait of Hormuz, conduit for a fifth of the world’s oil and liquefied natural gas.
Iran has told the United Nations Security Council and the International Maritime Organization that “non-hostile vessels” may transit the Strait of Hormuz if they coordinate with Iranian authorities, according to a note seen by Reuters on Tuesday.
The effective closure of the waterway, where 20% of the world’s oil and gas normally transits, has created the worst energy supply shock in history, sent fuel prices soaring, and disrupted global aviation.
PAKKISTAN OFFERS TO HOLD US-IRAN TALKS
Pakistan’s Prime Minister Shehbaz Sharif said on Tuesday he was willing to host talks between the U.S. and Iran on ending the war, a day after Trump postponed threats to bomb Iranian power plants after what he called “productive” talks.
Pakistan has long-standing ties to neighbouring Iran’s Islamic Republic and has been building a relationship with Trump.
Despite reports of negotiations, the Pentagon is expected to send thousands of soldiers from the U.S. Army’s elite 82nd Airborne Division to the Middle East, two people familiar with the matter told Reuters on Tuesday, adding to a massive U.S. military buildup.
The forces will add to the 50,000 U.S. troops already in the region and accelerate Washington’s massive U.S. military buildup there, fuelling fears of a longer conflict.
Regional
US allies in Middle East ‘edging closer’ to joining conflict
Key U.S. allies in the Middle East are moving closer to direct involvement in the conflict with Iran, as sustained attacks on Gulf infrastructure intensify pressure on regional governments, according to a report by The Wall Street Journal.
Both Saudi Arabia and the United Arab Emirates are reportedly weighing deeper coordination with the United States and Israel, following repeated Iranian missile and drone strikes that have disrupted their economies and threatened regional energy security.
While neither country has formally committed troops, recent developments suggest a shift toward more active participation. The report indicates that Gulf support is already enhancing U.S. operational capabilities, including facilitating airstrike logistics and potentially opening new avenues to target Iran’s financial networks.
Saudi Arabia signals shift in stance
Saudi Arabia appears to be reassessing its position as attacks on critical infrastructure continue. Riyadh has reportedly allowed U.S. forces access to the King Fahd Air Base, a move that could support expanded military operations.
Foreign Minister Faisal bin Farhan warned that the kingdom’s tolerance for Iranian attacks is limited. “Any belief that Gulf countries are incapable of responding is a miscalculation,” he said following recent strikes on energy facilities.
Crown Prince Mohammed bin Salman is said to be considering stronger action to restore deterrence, with officials suggesting it may be only a matter of time before Saudi Arabia takes a more direct role in the conflict.
According to the WSJ report, one source said that “it is only a matter of time before the kingdom enters the war.”
UAE ramps up pressure on Tehran
The United Arab Emirates has also taken steps to increase pressure on Tehran, particularly through economic measures. Authorities in Dubai have shut down Iranian-linked institutions, including the Iranian Hospital and Iranian Club, citing violations of national laws and alleged links to state-backed activities.
Officials warned that further action could include freezing billions of dollars in Iranian assets held within the UAE, a move that could significantly impact Iran’s already strained economy.
Long regarded as a key financial hub for Iranian businesses, the UAE’s shift signals a notable escalation in its stance, even as it continues to deliberate over potential military involvement.
Regional tensions and strategic stakes
The growing alignment among Gulf states follows a series of attacks on energy facilities across Saudi Arabia, Kuwait, the UAE, and Qatar. Doha has condemned the strikes as a dangerous escalation and a direct threat to regional stability.
At the center of the war remains control over the Strait of Hormuz, a critical artery for global oil shipments. Iran’s ability to disrupt traffic through the strait continues to give it significant strategic leverage.
Risk of wider regional war
As the conflict approaches the one-month mark, Gulf states are maintaining close coordination with Washington over next steps. However, analysts warn that continued Iranian strikes could force regional powers into open confrontation.
With economic, security, and geopolitical stakes rising, the prospect of a broader regional war is becoming increasingly likely unless tensions are quickly contained through diplomatic efforts.
-
Latest News5 days agoDeadly violence likely without dialogue between Afghanistan and Pakistan: ICG
-
Latest News4 days agoPakistan seeks Russian mediation to resolve Afghanistan tensions
-
Business5 days agoAfghani strengthens nearly 10% against US dollar amid banking sector reforms
-
Latest News4 days agoWorld must re-engage to prevent all-out Afghanistan-Pakistan war: Financial Times
-
Sport3 days agoAfghanistan squad hit by withdrawals ahead of AFC Asian Cup Qualifiers
-
Latest News3 days agoAround 2.3 million tourists visited Afghanistan’s recreational areas during Eid: Ghufran
-
Latest News3 days agoIslamic Emirate releases American prisoner Dennis Coyle
-
Latest News5 days agoPakistani military violates Afghanistan ceasefire again
