Al-Assad’s Fall and its Financial Consequences

The rebel offensive against Syrian President Bashar al-Assad’s regime commenced on November 27, 2024. By December 8, rebels had entered Damascus, leading to the collapse of Assad’s government. In total, the offensive spanned approximately only 11 days, culminating in the fall of a 5 decades long Alaouite regime and Assad’s departure to Russia, where he was granted asylum. What happens next is up in the air but one thing about jihadists is that they generally don’t hang around too long before finding a new target to fight. What’s also clear is that this regime change in Syria will have important geopolitical consequences as well as economical, notably in international energy markets. Let’s dive into that topic today: