US eases restrictions on Venezuelan oil exports to Cuba

美国放宽了对委内瑞拉对古巴石油出口的限制

World Business Report

2026-02-26

26 分钟
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The United States says it will ease restrictions on Venezuelan oil exports to Cuba's private sector as Washington's blockade leads to a worsening crisis on the Caribbean island. Former US treasury secretary and onetime Harvard president Larry Summers retires from his roles at the university. Elsewhere in Milan, Gucci is facing a backlash after using AI to make images to promote its forthcoming show at Milan Fashion Week. Critics have questioned how using AI instead of human models and photographers is in keeping with the fashion giant's values.
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  • They're going to let companies who want licenses to resell Venezuelan oil to Cuba.

  • They will let that proceed as long as the sale of that oil is to private companies.

  • It's World Business Report from the BBC, World Service.

  • I'm Rahul Tandon.

  • Why has the US now allowed the resell of Venezuelan oil to Cuba?

  • An NVIDIA has just posted record figures showing that the AI sector is still booming.

  • So just before we came on air we had a couple of bits of big news that came through so that is where we want to start the program

  • because the United States says it will ease restrictions on Venezuelan oil exports to Cuba's private sectors as Washington's blockade has led to a worsening crisis

  • as we've been talking about on the Caribbean island.

  • Cuba's entire electricity system runs on imported fuel.

  • Its own production is limited.

  • Its infrastructure decades old.

  • And without foreign oil, the lights simply, well, they're not staying on.