Syria's new parliament convenes after Assad's ouster

Assad's removal weakens Iran's regional axis and Russian influence in Syria. Turkey may increase leverage over northern Syria. Israel gains strategic advantage with reduced Iranian presence. New Syrian government's orientation (Islamist vs. secular, pro-Western vs. neutral) will reshape Levantine geopolitics and potentially affect Hezbollah, Iraqi stability, and great power competition.

Similar to Iraq's 2003 regime change, creating power vacuums attracting regional and international competition; however, Syria's transition appears less externally-driven, potentially reducing immediate conflict risk but increasing uncertainty.

Syrian households may face near-term uncertainty but could benefit long-term from potential sanctions relief, reconstruction investment, and economic stabilization if political transition succeeds. International consumers may see gradual normalization of trade with Syria.

Potential easing of international sanctions, increased multilateral aid and IMF/World Bank engagement, foreign investment frameworks, and regional trade normalization. Western governments may recalibrate diplomatic and economic policies toward Syria based on governance trajectory.