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Weekly Report - 18 June 2026 (WR-26-24)
CUBA: US scuppers fuel deal as Havana makes more concessions
Hopes that a fuel shipment from US firm Vanguard Energy might bring desperately needed relief to Cuba [WR-26-23] were thwarted after Washington recently blocked the deal, denying the company a licence, at the same time as designating Cuba’s state-owned oil and gas company, Unión Cuba-Petróleo (Cupet), in line with its hardening of sanctions announced on 1 May. The moves are the latest sign of pressure from the US administration led by President Donald Trump, which since January has been applying an oil blockade to the island, among other things, as part of efforts to force its economic and political opening. In its latest attempt to appease the US, Havana has since announced more economic reforms which have yet to meet with a response from Washington.
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