Iran Pledges to Compensate Syria for U.S. Sanctions

Don't expect economic sanctions to change the policies of Syria's regime. Iran has already prepared for the prospect of additional U.S. sanctions against Damascus and has begun a series of major projects in Syria.

For Iran, these projects are strategic. Teheran does not want to be left alone facing the United States. So, maintaining Syria as an ally in the fight against the United States is a key goal of Iran.

Iran has been constructing a factory capable of producing 1 million tons of cement and is also building a power plant in the port city of Banyas. In all, Iran is prepared to invest up to $3 billion in Syria.

Arab diplomatic sources said the power plant is a strategic option for Iran, since Teheran wants to use Banyas as a port should the United States block the Straits of Hormuz. source

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