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Trump Signals Plan to Rescind Syria Terror Sponsor Designation

8/25/2026

25 5 Full Breakdown

Summary

Story summary

U.S. President Donald Trump notified Congress on July 8 of his intent to rescind Syria’s terrorism sponsor designation.
The United States removed Syria from the state sponsors of terrorism list on August 24, 2026.
Treasury said U.S. banks can now serve Syrian banks if sanctioned parties are excluded.
Mastercard teamed with QNB Group and Syria’s central bank to build international card-payment infrastructure.

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Story summary

U.S. President Donald Trump notified Congress on July 8 of his intent to rescind Syria’s terrorism sponsor designation.
The United States removed Syria from the state sponsors of terrorism list on August 24, 2026.
Treasury said U.S. banks can now serve Syrian banks if sanctioned parties are excluded.
Mastercard teamed with QNB Group and Syria’s central bank to build international card-payment infrastructure.