U.S. DOS sanctions Cuba’s state-owned oil company CUPET, freezing assets and banning U.S. dealings over its role in the state-controlled energy sector, with secondary sanctions warnings for foreign firms

by | Jun 11, 2026

Officials allege the Cuban government misuses energy resources, prioritising state and elite use while ordinary citizens face fuel shortages and blackouts.  The action is linked to wider U.S. sanctions expansion targeting Cuban officials and entities under recent...

US sanctions a network including a China-based oil terminal operator for enabling Iran’s illicit oil trade that funnels billions to Tehran via covert shipping networks and “dark fleet” operations

by | May 1, 2026

The action, taken under intensified “Economic Fury” measures, aims to dismantle Iran’s primary revenue stream by targeting the international network sustaining its petroleum exports, which finance terrorism and regional destabilisation, while warning that continued...