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Home»Stock Market»Trump says no extra Venezuelan oil or cash to go to Cuba
Stock Market

Trump says no extra Venezuelan oil or cash to go to Cuba

EditorBy EditorJanuary 11, 2026No Comments3 Mins Read
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Tankers dock on the Matanzas terminal as Cubans brace for worsening gasoline shortages after the U.S. seized Venezuela-linked tankers, reducing a significant vitality lifeline in Matanzas, Cuba, Jan. 7, 2026.

Norlys Perez | Reuters

U.S. President Donald Trump on Sunday stated no extra Venezuelan oil or cash will go to Cuba and recommended the Communist-run island ought to strike a take care of Washington, ramping up strain on the longtime U.S. nemesis.

Venezuela is Cuba’s greatest oil provider, however no cargoes have departed from Venezuelan ports to the Caribbean nation because the seize of Venezuelan President Nicolas Maduro by U.S. forces in early January amid a strict U.S. oil blockade on the OPEC nation, transport information exhibits.

In the meantime, Caracas and Washington are progressing on a $2 billion deal to provide as much as 50 million barrels of Venezuelan oil to the U.S., with proceeds to be deposited in U.S. Treasury-supervised accounts, a serious check of the rising relationship between Trump and interim President Delcy Rodriguez.

“THERE WILL BE NO MORE OIL OR MONEY GOING TO CUBA – ZERO! I strongly counsel they make a deal, BEFORE IT IS TOO LATE,” Trump wrote on his Reality Social platform on Sunday.

“Cuba lived, for a few years, on massive quantities of OIL and MONEY from Venezuela,” Trump added.

Trump didn’t elaborate on his recommended deal. U.S. officers have hardened their rhetoric in opposition to Cuba in latest weeks.

Cuba defends import rights

Cuban Overseas Minister Bruno Rodriguez stated in a put up on X on Sunday that Cuba had the suitable to import gasoline from any suppliers prepared to export it. He additionally denied that Cuba had acquired monetary or different “materials” compensation in return for safety companies offered to any nation.

Thirty-two members of Cuba’s armed forces and intelligence companies had been killed in the course of the U.S. raid on Venezuela. Cuba stated these killed had been accountable for “safety and protection” however didn’t present particulars on the association between the 2 long-time allies.

Cuba depends on imported crude and gasoline, primarily offered by Venezuela, and Mexico in smaller volumes, bought on the open market to maintain its energy turbines and autos working.

As its operational refining capability dwindled lately, Venezuela’s provide of crude and gasoline to Cuba has fallen. However the South American nation remains to be the biggest supplier with some 26,500 barrels per day exported final 12 months, in keeping with ship monitoring information and inside paperwork of state-run PDVSA, which lined roughly 50% of Cuba’s oil deficit.

Mexico has emerged in latest weeks as a vital different oil provider to the island, however the provide stays small, in keeping with the transport information.

Mexican President Claudia Sheinbaum final week stated her nation had not elevated provide volumes, however given latest political occasions in Venezuela, Mexico had become an “necessary provider” of crude to Cuba.

U.S. intelligence has painted a grim image of Cuba’s financial and political scenario, however its assessments supply no clear help for Trump’s prediction that the island is “able to fall,” Reuters reported on Saturday, citing three individuals accustomed to the confidential assessments.

The CIA’s view is that key sectors of the Cuban financial system, resembling agriculture and tourism, are severely strained by frequent blackouts, commerce sanctions and different issues. The potential lack of oil imports and different help from Venezuela, for many years a key ally, might make governing tougher for President Miguel Diaz Canel.

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