Oil Wavers as Syria Emerges as Potential Hormuz Alternative Corridor

Oil prices closed without clear direction amid volatility driven by uncertainties over the Strait of Hormuz. A Washington Post report suggests Syria's new president, Ahmed al-Sharaa, is positioning the country as a stable land corridor for energy and goods, offering an alternative to the Strait of Hormuz. The claim is emerging and unverified, but if credible, it could reshape regional energy transport routes and reduce reliance on the Hormuz chokepoint.