Trump Halts Oil To Cuba

Benzinga

Trump announced that Venezuelan oil and financial support to Cuba has stopped, urging Havana to negotiate with Washington, while a $2 billion Venezuela-to-U.S. oil deal with Treasury-supervised proceeds moves forward

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:03President Donald Trump said the U.S. has halted Venezuelan oil shipments and financial support to

00:07Cuba and urged Havana to negotiate with Washington. Trump said Venezuela has not shipped oil to Cuba

00:13since the U.S. capture of Venezuelan President Nicolas Maduro earlier this month, citing a

00:18strict U.S. oil embargo on the OPEC country. At the same time, Caracas and Washington are

00:24advancing a $2 billion deal to supply up to 50 million barrels of Venezuelan oil to the U.S.

00:29with proceeds placed in U.S. Treasury-supervised accounts. Trump said no oil or money would go to

00:35Cuba. Cuban Foreign Minister Bruno Rodriguez rejected Trump's claims and said Cuba has the

00:42right to import fuel from willing suppliers. Venezuela remains Cuba's largest oil supplier,

00:47while Mexico has recently emerged as an alternative source. For all things money, visit Benzinga.com.

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