Cuba Teeters on Brink of Collapse as Trump Tightens Noose
In a dramatic escalation, US President Donald Trump has signed an executive order allowing extra tariffs to be slapped on countries that sell oil to Cuba. The move is widely seen as an attempt to strangle the island nation's economy and undermine its communist government.
For Cubans, life is already a daily struggle. With only one oil shipment arriving this year – 84,900 barrels from Mexico – according to data consultancy Kpler, and current reserves dwindling fast, the country is on the cusp of fuel shortages. If no more tankers arrive, Cuba's fuel supply could run out in as little as three weeks.
The situation has sparked widespread panic, with people queuing for hours outside petrol stations that still accept US dollars. For many Cubans, however, the option to use dollars is a luxury they cannot afford. "There is no gas in the national pesos," says Javier Peña, waiting in line outside a petrol station in Havana's Vedado neighbourhood.
The US has long imposed an embargo on Cuba, but Trump's new move is seen as a more aggressive attempt to suffocate the economy. The Cuban government has accused Trump of trying to stifle the island, with President Miguel Díaz-Canel warning that the move will have devastating consequences for the country.
Experts warn that diesel, which powers transportation and industry, is key to Cuba's survival. A shortage would be catastrophic, disrupting vital services such as healthcare, agriculture, and electricity supply.
Despite warnings from Mexico and other allies, no additional oil shipments are expected. China has expressed support for Cuba, but its own role in the crisis is complex. The country traditionally buys oil from Cuba, which has received aid from Venezuela – a country that was recently targeted by the US in a violent coup.
As life on the island becomes increasingly difficult, the Cuban government faces few options. With an economy already reeling from years of decline, hyper-inflation has beggared many with state wages or pensions. The future looks bleak for Cubans, who are bracing themselves for more misery.
"It's not rocket science to understand they have used up all their cards," says a businessman who has worked with the Cuban government. For now, at least, life goes on – but the road ahead is uncertain and fraught with danger.
In a dramatic escalation, US President Donald Trump has signed an executive order allowing extra tariffs to be slapped on countries that sell oil to Cuba. The move is widely seen as an attempt to strangle the island nation's economy and undermine its communist government.
For Cubans, life is already a daily struggle. With only one oil shipment arriving this year – 84,900 barrels from Mexico – according to data consultancy Kpler, and current reserves dwindling fast, the country is on the cusp of fuel shortages. If no more tankers arrive, Cuba's fuel supply could run out in as little as three weeks.
The situation has sparked widespread panic, with people queuing for hours outside petrol stations that still accept US dollars. For many Cubans, however, the option to use dollars is a luxury they cannot afford. "There is no gas in the national pesos," says Javier Peña, waiting in line outside a petrol station in Havana's Vedado neighbourhood.
The US has long imposed an embargo on Cuba, but Trump's new move is seen as a more aggressive attempt to suffocate the economy. The Cuban government has accused Trump of trying to stifle the island, with President Miguel Díaz-Canel warning that the move will have devastating consequences for the country.
Experts warn that diesel, which powers transportation and industry, is key to Cuba's survival. A shortage would be catastrophic, disrupting vital services such as healthcare, agriculture, and electricity supply.
Despite warnings from Mexico and other allies, no additional oil shipments are expected. China has expressed support for Cuba, but its own role in the crisis is complex. The country traditionally buys oil from Cuba, which has received aid from Venezuela – a country that was recently targeted by the US in a violent coup.
As life on the island becomes increasingly difficult, the Cuban government faces few options. With an economy already reeling from years of decline, hyper-inflation has beggared many with state wages or pensions. The future looks bleak for Cubans, who are bracing themselves for more misery.
"It's not rocket science to understand they have used up all their cards," says a businessman who has worked with the Cuban government. For now, at least, life goes on – but the road ahead is uncertain and fraught with danger.