Trump Announces No More Oil and Funds to Flow into Cuba

Summary

Trump announced that oil and funds will no longer flow into Cuba, citing Venezuela’s oil situation and the economic pressure on Cuba.Zhitong+ 3

Impact Analysis

So, Trump’s move to stop oil and funds flowing into Cuba is a clear strategic play. He’s leveraging the situation with Venezuela to put economic pressure on Cuba, which is already on the brink due to its heavy reliance on Venezuelan oil—70% of its imports, in fact. The timing is interesting, right after the U.S. started refining and selling Venezuelan oil, which suggests a broader geopolitical strategy.Wallstreetcn+ 2 This could further destabilize Cuba, potentially leading to a humanitarian crisis, which Trump seems to be banking on to avoid direct military intervention. For the portfolio, this could mean looking at energy stocks, especially those involved in refining and selling Venezuelan oil, as they might see increased activity and revenue. Also, watch for potential impacts on companies with exposure to Cuban markets or those involved in humanitarian aid.Wallstreetcn+ 2