Trump Cuba Venezuela Oil Deal 2026: Squeezing the Island into a Corner

"There will be no more oil or money going to Cuba—ZERO!" President Donald Trump issued a blunt ultimatum on January 11, 2026. According to Reuters, the U.S. administration is cutting off the Venezuelan oil lifeline that has sustained the communist-run island for decades, demanding Havana strike a new deal with Washington before the situation worsens.

Trump Cuba Venezuela Oil Deal 2026: Severing the Lifeline

The announcement follows the dramatic capture of Venezuelan President Nicolas Maduro by U.S. forces in early January. Since then, shipping data shows that not a single cargo of oil has left Venezuelan ports for Cuba. Instead, Washington is finalizing a $2 billion agreement with interim President Delcy Rodriguez to supply 50 million barrels of oil directly to the U.S., with proceeds kept in Treasury-supervised accounts.

Defiance Amidst the Darkness

Cuban President Miguel Diaz-Canel rejected the threat, calling Cuba a "free, independent, and sovereign nation." However, the impact on the ground is severe. Last year, Venezuela provided roughly 26,500 barrels per day to Cuba, covering 50% of the island's oil deficit. Without this supply, blackouts have become the norm, even in the capital city of Havana.

While Mexico has emerged as a critical alternative, its volumes remain insufficient to fill the gap. U.S. intelligence suggests that while the Cuban economy is severely strained, there is no definitive proof yet that the government is "ready to fall," despite the hardening rhetoric from officials like Secretary of State Marco Rubio.