Oil

Russia is maintaining ambiguity about whether it is sending fuel to Cuba, a move that would mean evading an ongoing U.S. blockade.

The U.S. is seeking to prevent Cuba from getting Russian oil despite lifting restrictions on it to reduce energy prices soaring during the war in Iran.

A sanctioned oil tanker sailing under the Russian flag is also heading to Cuba while carrying hundreds of thousands of oil barrels as the island continues to face acute fuel shortages.

Mexican President Claudia Sheinbaum said her administration is "looking into different possibilities" to resume fuel shipments to Cuba as the country continues to endure massive blackouts due to shortages.

Saudi Arabia and the United Arab Emirates have rerouted some exports through pipelines that bypass Hormuz, but analysts estimate about 14 million barrels per day remain blocked

It allows companies that existed before Jan. 29, 2025, to buy Venezuelan oil and engage in transactions that would normally be banned under U.S. sanctions, allowing Venezuela to reenter global markets.

Last week, Interior Secretary Doug Burgum met with Venezuela's interim president Delcy Rodríguez to sign an agreement with Venezuela's state owned mining company to sell as much as 1,000 kilograms of gold destined for U.S. markets.

The Trump administration asked Israel to refrain from striking more energy facilities in Iran as global prices continue to oscillate as a result of the ongoing conflict, according to a new report.

Trump pointed to Venezuela as an example of how the United States has already sought to secure foreign energy resources

French President Emmanuel Macron announced on Monday an "international mission" to escort ships across the Strait of Ormuz and help reopen the key waterway as energy prices soar as a result of the war in Iran.

The Iranian regime threatened to drive oil prices above $200 per barrel if the U.S. and Israel continue the war against the country.

Venezuela canceled the auction of assets seized from Halliburton after the Trump administration intervened, according to a new report.

A tanker believed to be carrying Russian oil that was on its way to Cuba changed course and diverted from the island, which continues to experience severe fuel shortages.

Cuba didn't receive any oil in January for the first time in a decade as the U.S. maintains its blockade of the island, according to a new report.

Venezuela has become the U.S.'s fifth largest provider of oil after Washington took over the country's industry following the capture of authoritarian President Nicolas Maduro in early January.

A masive fire broke out Friday afternoon at the Ñico López oil refinery in Havana Bay, sending a towering plume of black smoke into the sky and raising alarms in a city already grappling with severe fuel shortages and economic strain.

Seven in 10 Venezuelans say the country is moving in a positive direction after the U.S. operation that captured Nicolás Maduro, and a majority want new presidential elections held in 2026, according to a new poll.

Elliott Abrams, who served as the Trump administration's special representative for Venezuela during the president's first term, said that there is no legal basis for the United States to take Venezuelan oil and sell it.

Venezuelan authorities have denied that the country exported crude oil to Israel and rejected a Bloomberg report published on Tuesday describing such a shipment, saying the claim is fabricated.

Almost two thirds of Cuba will face blackouts on Tuesday as fuel shortages resulting from U.S. pressure grow.

Democratic Rep. Alexandria Ocasio-Cortez criticized the Trump administration's oil blockade on Cuba, saying it illustrates a new "era of depravity."

Cuban authorities say they can no longer refuel airplanes arriving in the island as the country's situation continues to deteriorate.

Wright described the situation instead as a geopolitical matter, calling Venezuela under Maduro "a threat to all of its neighbors" and "a threat to the Western hemisphere"

Mexican President Claudia Sheinbaum said the country is currently not sending any oil to Cuba as a result of U.S. pressure on the beleaguered Caribbean country.

Mexican President Claudia Sheinbaum said that "Mexico does not kneel, does not bow, does not surrender and does not sell out," as tensions grow with the United States over oil shipments to Cuba and new tariff threats from Washington.

The Mexican government is planning potential ways to send fuel to Cuba to address acute shortages without triggering retaliation from U.S. President Donald Trump, who signed an executive order imposing tariffs on countries who do.

The Cuban regime has begun negotiating with the U.S. opening up its economy in exchange for not getting overthrown, according to a new report.

Venezuelan oil exports soared in January as the Trump administration begins to oversee the country's industry following the capture of authoritarian President Nicolas Maduro, according to a new report.

Cuba resold most of the cheap oil it got from Venezuela last year despite the island repeatedly going dark as a result of rolling blackouts, according to a U.S. official.

Mexican President Claudia Sheinbaum said she has instructed the foreign ministry to get in touch with the State Department to learn about the extent of the recent executive order imposing tariffs on goods to countries who provide or sell oil to Cuba.