US EditionUS says it will allow resale of Venezuelan oil to Cuba
The US Treasury permits Venezuelan oil resale to Cuba's private sector to ease fuel shortages, with 96.4% of small businesses severely impacted, excluding government and military use.
- On Feb 26, 2026 the U.S. Treasury Department announced that oil and gas sales to Cuba may be authorized when destined for private-sector and humanitarian use, relying on the SCP License Exception.
- Facing severe shortages, Cuba eased measures and for the first time in nearly 70 years authorized private-sector fuel imports, following U.S. sanctions targeting Venezuela's oil exports.
- The Treasury Department clarified permitted conditions, OFAC warned exporters, and notes say shipments may depart from the United States even if sourced in Venezuela.
- Rubio warned sanctions would snap back if oil reaches the government or military, and the Treasury announced aid routed through the Catholic Church.
- Regional officials warned that further deterioration in Cuba could impact the region and trigger migration, with aid routed through the Catholic Church, and Canada announced $8 million in aid.
107 Articles
107 Articles
US Allows Some Venezuelan Oil Sales to Cuba After Humanitarian Crisis Worsens Following Oil Cutoff
Already a subscriber? Make sure to log into your account before viewing this content. You can access your account by hitting the “login” button on the top right corner. Still unable to see the content after signing in? Make sure your card on file is up-to-date. The United States will now allow the resale of some Venezuelan oil to certain Cuban private-sector entities under a new Treasury licensing policy designed to ease the island’s worsen…
By Uriel Blanco, CNN en Español. The United States government announced Wednesday that it will allow the resale of Venezuelan crude oil and other petroleum products to Cuba's private sector "for commercial and humanitarian use" on the island. This is the latest easing of the energy embargo imposed on Cuba by the Trump administration since the capture of ousted President Nicolás Maduro by U.S. forces on January 3 in Caracas, the Venezuelan capita…
The Epoch Times
Nemos News NetworkUS Treasury to Allow Resale of Venezuelan Oil to Cuba to Ease Island’s Fuel Crunch
The U.S. Treasury Department on Wednesday announced a new licensing policy to streamline the resale of Venezuelan oil to Cuba, with the goal of supporting the island’s private sector and bolstering humanitarian efforts amid ongoing fuel crises. The Office of Foreign Asset Control (OFAC) will extend the new licensing policy to specific applications seeking authorization for the resale of Venezuelan oil for use in Cuba. The move was done “in accor…
The US apparently wants to loosen the oil blockade against Cuba.
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