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Cuba has long depended on substantial supplies of oil and financial resources provided by Venezuela to sustain its economy.
Former President Trump hinted at a potential deal involving Cuba but refrained from providing further details.
Recently, U.S. officials have intensified their critical stance towards Cuba, a country with which they have had strained relations since the 1959 revolution led by Fidel Castro.
Cuba’s energy needs are heavily reliant on imported crude oil and fuel, chiefly supplied by Venezuela, with lesser amounts coming from Mexico through market purchases, to power its electrical grid and vehicles.
The island nation is currently facing severe shortages of essentials such as food, fuel, and medicine, leading to widespread discontent and triggering an unprecedented wave of migration to the United States over the last five years.
Shortages of food, fuel and medicine have put Cubans on edge and have prompted a record-breaking exodus, primarily to the US, in the past five years.