Marketplace All-in-One U.S. grants Cuba access to some Venezuelan oil
Feb 26, 2026
Coverage of U.S. permission for limited Venezuelan oil shipments to keep Cuba’s power grid running. A feature on a north England town where 13 charity shops form a popular shopping trail. Short business headlines on corporate cuts, airline fines and industrial results.
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US Allows Private Venezuelan Oil To Reach Cuba
- The US will allow private-sector resale of some Venezuelan oil to Cuba to ease a humanitarian energy crisis.
- Treasury permits sales only to private companies, not the Cuban government, to keep within existing sanctions while restoring fuel for Cuba's decaying grid.
Cuba's Grid Collapsed Without Imported Fuel
- Cuba's electricity system is critically dependent on imported fuel and aging infrastructure, causing severe rolling blackouts.
- Residents report as little as two hours of electricity per day on average, halting transport and daily life in towns.
Carve Humanitarian Exceptions Within Sanctions
- Governments facing humanitarian fallout from sanctions should carve narrow exceptions to allow private humanitarian commerce.
- Michelle Flurry notes Canada and the US acting to supply aid or licences while keeping formal sanctions intact.