Trump Declares No More Venezuelan Oil to Cuba, Urges Deal

On Sunday, Jan 11 2026, U.S. President Donald Trump announced that no Venezuelan oil or money would be sent to Cuba. The statement followed U.S. forces’ capture of Venezuelan President Nicolás Maduro on Jan 3 2026 and a naval blockade halting all Venezuelan cargoes. Trump urged Cuba to strike a deal with Washington, citing a $2 billion U.S. agreement to supply the U.S. with up to 50 million barrels of Venezuelan crude, with payments kept in U.S. Treasury‑controlled accounts. The move comes after Venezuelan‑linked tankers that had provided Cuba with roughly 26,500 barrels per day—about half its oil deficit—were seized. The raid also killed 32 Cuban military and intelligence personnel, heightening concerns over fuel shortages for President Miguel Diaz‑Canel’s regime.