On October 25, the U.S. Treasury Department announced that it would allow companies to request licenses for reselling Venezuelan oil to Cuba, a move expected to help ease the significant fuel shortages facing the island. This decision comes after the Biden administration's previous actions to restrict oil exports from Venezuela beginning in January. The halt in oil deliveries has exacerbated Cuba's energy crisis, which has been a pressing issue for the Cuban government and its citizens.

For over 25 years, Venezuela has been a key supplier of crude oil and fuels to Cuba under a bilateral agreement, indicating a long-standing political and economic relationship between the two countries. However, following the tightening of U.S. sanctions, particularly after the political turmoil in Venezuela and the capture of President Nicolás Maduro, this crucial supply line was cut off. As a result, Cuba has struggled with energy shortages, impacting its economy and everyday life for its citizens.

In the context of these challenges, the resumption of Venezuelan oil sales could potentially stabilize the fuel situation in Cuba, allowing for better functioning of its infrastructure and services. However, the implications of U.S. involvement in Venezuelan oil sales may also raise concerns about the impact on U.S.-Venezuelan relations and ongoing sanctions against the Maduro government. The international community will be watching how this decision unfolds and its effects on bilateral relations between Cuba and Venezuela.