Bloomberg News Now March 29, 2026: US Lets Russian Oil Into Cuba, Iran War Enters 5th Week, More
Mar 30, 2026
U.S. allows a Russian oil tanker to dock in Cuba while crude prices jump after Houthi missile and drone strikes. Reports explore possible limited ground raids inside Iran and regional talks to reopen the Strait of Hormuz. The IAEA finds severe damage at an Iranian heavy water plant. Coverage also notes risks to oil exports, a damaged Russian port, and ongoing U.S. government shutdown effects.
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US May Allow Russian Oil Delivery To Cuba
- The Trump administration plans to allow a Russian oil tanker to dock in Cuba, signaling a policy shift on sanctioned shipments.
- President Trump told reporters he has no problem if a country sends oil to Cuba, explicitly referencing Russia.
Houthi Attacks Raise Oil Price Risk
- Crude prices rose after Houthi militants entered the Middle East conflict by firing missiles and drones at Israel.
- The Houthis said they will continue operations until attacks on Iran and its proxies cease, raising regional risk to shipping.
US Plans Could Involve Targeted Raids In Iran
- The Pentagon is preparing for limited ground operations inside Iran, focusing on raids rather than full-scale invasion.
- Retired Brigadier General Mark Kimmett noted raids or short-term troop deployments could target missiles, naval threats, or islands like Karg.