The new policy is designed to bolster humanitarian and commercial support for the Cuban people amid fuel shortages related to Maduro’s overthrow.
The refinery El Palito in Puerto Cabello, Venezuela, on Jan. 22, 2026. Ronaldo Schemidt/AFP via Getty Images
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The U.S. Treasury Department on Feb. 25 announced a new licensing policy to streamline the resale of Venezuelan oil to Cuba, with the goal of supporting the island’s private sector and bolstering humanitarian efforts amid ongoing fuel crises.
The Office of Foreign Assets Control will extend the new licensing policy to specific applications seeking authorization for the resale of Venezuelan oil for use in Cuba.
