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US says it will allow resale of Venezuelan oil to Cuba
- 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.
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The US apparently wants to loosen the oil blockade against Cuba.
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The US has partially eased its oil embargo on Cuba, allowing the sale of Venezuelan oil to Cuba amidst its economic crisis. According to AFP, the US Treasury Department announced on the 25th that Venezuelan oil will be used for commercial and humanitarian purposes in Cuba.
Coverage Details
Total News Sources80
Leaning Left11Leaning Right15Center23Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 22%
C 47%
R 31%
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