The rebels, spearheaded by Hayat al-Tahrir al-Sham (HTS), launched a lightning advance that quickly seized Aleppo and then Damascus, ending five decades of Assad family rule. The Syrian army's disintegration and the rebels' strategic momentum played crucial roles.
Initially, there was fear and uncertainty, with supermarkets emptying and people stocking up on essentials. When the rebels entered, there was widespread celebration, with gunfire and the toppling of Assad statues. Many were elated but also confused, with inmates being released from jails.
The rebels focused on restoring security and order, implementing a security plan to return life to normal. They also aimed to show they could function as a state, transitioning from a rebel group to a governing entity.
Syria's fall disrupts Iran's axis of resistance, cutting off a key route for weapons transport to Hezbollah in Lebanon. This shift potentially alters the balance of power in the region, affecting Iran, Hezbollah, and other players.
The U.S. is cautious, with HTS still designated as a terrorist group. President Biden aims to facilitate peace but faces challenges due to limited ties with HTS and other rebel groups. The U.S. plans to maintain its troop presence in eastern Syria.
The U.S. plans to keep its 900 troops in eastern Syria, focusing on maintaining a geopolitical presence rather than securing chemical weapons. The future approach under President-elect Trump remains uncertain.
Markets have reacted relatively calmly, with modest increases in gold and oil prices. However, oil gains are limited by weak demand outlooks and OPEC+ production cuts.
South Korean President Yoon Suk-yeol faces calls to step down after a failed martial law attempt. Taiwan has raised its alert level due to increased Chinese military presence, with nearly 90 Navy and Coast Guard ships nearby.
Rebels in Syria have seized the capital Damascus and ousted President Bashar al-Assad has fled to Russia. We hear from the ground as the lightning advance spearheaded by Hayat al-Tahrir al-Sham (HTS) marks one of the biggest turning points for the Middle East in generations - and the White House considers next steps after the success of a rebel group proscribed as terrorists by the U.S. Plus, the latest from South Korea and Taiwan.
Find our recommended read on record temperatures for the planet in 2024 here).
Our weekend episode was on NATO and Europe's new 'Cold War'. Listen here).
Listen to the Reuters Econ World podcast here)
Sign up for the Reuters Econ World newsletter here).
Visit the Thomson Reuters Privacy Statement) for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices) to opt out of targeted advertising.
Learn more about your ad choices. Visit megaphone.fm/adchoices)