{"id":1666661,"date":"2026-02-26T20:05:00","date_gmt":"2026-02-27T01:05:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1666661"},"modified":"2026-02-26T20:05:00","modified_gmt":"2026-02-27T01:05:00","slug":"us-treasury-to-allow-resale-of-venezuelan-oil-to-cuba-to-ease-islands-fuel-crunch","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/us-treasury-to-allow-resale-of-venezuelan-oil-to-cuba-to-ease-islands-fuel-crunch\/1666661\/","title":{"rendered":"US Treasury To Allow Resale Of Venezuelan Oil To Cuba to Ease Island’s Fuel Crunch"},"content":{"rendered":"

US Treasury To Allow Resale Of Venezuelan Oil To Cuba to Ease Island’s Fuel Crunch<\/span><\/p>\n

\n

Authored by Kimberly Hayek via The Epoch Times<\/a> (emphasis ours),<\/em><\/p>\n

The U.S. Treasury Department on Wednesday announced a new licensing policy to streamline the resale of Venezuelan oil to Cuba, <\/strong>with the goal of supporting the island\u2019s private sector and bolstering humanitarian efforts amid ongoing fuel crises.<\/p>\n

The refinery El Palito in Puerto Cabello, Carabobo state, Venezuela, on Jan. 22, 2026. Ronaldo Schemidt\/AFP via Getty Images<\/em><\/a><\/p>\n

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.<\/p>\n

The move was done \u201cin accordance with the United States\u2019 support and solidarity for the Cuban people,\u201d<\/strong> reads the new policy.<\/p>\n

The policy does not cover entities or persons connected to the Cuban military, intelligence services, or other government institutions, including entities on the U.S. State Department\u2019s Cuba Restricted List.<\/p>\n

The Treasury\u2019s Cuban Assets Control Regulations generally already authorize U.S. persons to export oil from the United States to Cuba, or to reexport U.S.-origin oil from a third country to Cuba, where that export or reexport has been authorized by the Commerce Department.<\/p>\n

The United States has in recent months placed increased pressure on Cuba\u2019s energy procurement network, especially in the wake of former Venezuelan President Nicol\u00e1s Maduro\u2019s capture in January. Oil shipments to Cuba plummeted, worsening shortages that have disrupted everyday life.<\/p>\n

Canadian officials earlier this month advised citizens to prepare<\/a> for unpredictable conditions in Cuba due to fuel scarcity.<\/strong> U.S. federal advisories warned<\/a> against nonessential travel, with oil shortages a key issue.<\/p>\n

In January, President Donald Trump imposed tariffs via executive order on any nation selling oil to Cuba.<\/p>\n

\u201cI find that the policies, practices, and actions of the Government of Cuba constitute an unusual and extraordinary threat, which has its source in whole or substantial part outside the United States, to the national security and foreign policy of the United States,\u201d the executive order reads.<\/p>\n

The United States recently eased<\/a> certain sanctions, permitting established American firms to trade Venezuelan crude under strict conditions, but it prohibits deals with adversaries such as Russia, Iran, North Korea, Cuba, and China.<\/p>\n

In an unrelated press briefing on Wednesday, Secretary of State Marco Rubio echoed Trump\u2019s push for reform in Cuba.<\/strong><\/p>\n

\u201cThe reason why things are as bad as they are is because they have an economic model that doesn\u2019t work, doesn\u2019t exist anywhere in the world,\u201d Rubio said. \u201cIt is not functional. And the only way Cuba is going to have a better future is if it has a different economic model.\u201d<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nThu, 02\/26\/2026 – 15:05<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/political\/us-treasury-allow-resale-venezuelan-oil-cuba-ease-islands-fuel-crunch<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

US Treasury To Allow Resale Of Venezuelan Oil To Cuba to Ease Island’s Fuel Crunch Authored by Kimberly Hayek via The Epoch Times (emphasis ours),…<\/p>\n","protected":false},"author":0,"featured_media":1666662,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1666661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1666661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1666661"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1666661\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1666662"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1666661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1666661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1666661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}