Oil

President Donald Trump presented the new U.S.-Iran ceasefire as a breakthrough, a two-week pause that would reopen the Strait of Hormuz, calm oil markets, and pull the region back from a wider war. Within hours, that message was already colliding with reality as Israel intensified its campaign against Hezbollah in Lebanon, exposing a critical weakness in the deal Trump had just celebrated.

Airfares on some international routes have surged by more than 200% in the past month as the war in Iran sends jet fuel prices soaring and forces airlines worldwide to pass costs directly to travelers.

Russia is preparing a second oil shipment to Cuba, a fresh sign that Moscow is stepping in as Havana struggles with a punishing fuel shortage that has triggered blackouts, transportation disruptions, and broader economic paralysis.

The United States has removed Venezuelan leader Delcy Rodríguez from its sanctions blacklist, marking a dramatic shift in relations between Washington and Caracas, but what does it mean in practical terms?

A Russian tanker carrying roughly 730,000 barrels of crude arrived at the Cuban port of Matanzas this week, marking the first such delivery in three months

Cuba consumes an estimated 100,000 barrels of fuel per day but produces only about 40% domestically

Mexican President Claudia Sheinbaum said the country could go back to sending oil to Cuba, whether it is as humanitarian aid or for commercial purposes.

A top Cuban official celebrated the arrival of a Russian tanker loaded with hundreds of thousands of oil barrels to address acute shortages taking place in the island.

Russia welcomed the arrival of an oil shipment to Cuba, framing the delivery as humanitarian assistance despite ongoing U.S. restrictions that have contributed to a deepening energy crisis on the island.

A Russian tanker arrived in Cuba this week after President Donald Trump said he wouldn't enforce the U.S.'s oil blockade on the island.

One of two ships carrying Russian oil that appeared to be heading to Cuba arrived in Venezuelan waters, according to a new report.

A Russian tanker carrying hundreds of thousands of oil barrels is less than a week from reaching Cuba, potentially setting up a showdown with the U.S., which continues enforcing a fuel blockade of the island.

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.