Back to today’s briefing

Story perspectives

U.S. Licenses Venezuelan Oil Resale Amid Cuba's Blackouts

2/27/2026

24 4 Full Breakdown

Summary

Story summary

The United States issued licenses to resell Venezuelan oil to Cuba's private sector.
The blockade has left Cuba facing blackouts.
The United States Secretary of State Marco Rubio said the licenses will not benefit the Cuban government or military.
Cuban forces killed four armed individuals from a Florida-registered boat.

History

Historical Context

The U.S. trade embargo against Cuba began in 1960, following the Cuban Revolution and nationalization of American assets. This embargo has caused extensive economic damage, with estimates of losses in the trillions. Recent U.S. measures, including licenses for Venezuelan oil sales, aim to alleviate pressure on Cuba's economy while maintaining sanctions, reflecting ongoing tensions in U.S.-Cuba relations.

1 of 2

Story summary

The United States issued licenses to resell Venezuelan oil to Cuba's private sector.
The blockade has left Cuba facing blackouts.
The United States Secretary of State Marco Rubio said the licenses will not benefit the Cuban government or military.
Cuban forces killed four armed individuals from a Florida-registered boat.

1 / 2