Trump says 'Cuba will be failing pretty soon' after Venezuela stops oil, money support

President Trump stated Cuba is nearing failure, as it's no longer receiving oil and money from Venezuela. This follows the U.S. military's seizure of Venezuelan President Nicolas Maduro, an action Trump ordered. Trump vowed to cut off Venezuelan s...

AP
A driver refuels others wait in a long line behind to fill up at a gas station in Havana, Cuba, Tuesday, Jan. 27, 2026.
⁠U.S. President Donald Trump said on Tuesday that "Cuba will be failing pretty soon," adding that Venezuela, once the island's top supplier, has not recently ‌sent oil ‌or money to Cuba.

WHY IT'S IMPORTANT

Emboldened by the U.S. military's seizure of ‌Venezuelan President Nicolas Maduro in a deadly raid earlier this month that Trump ordered, the Republican leader has talked of acting against Cuba and pressuring its leadership.

Trump has vowed to stop oil and money from longtime backer Venezuela from reaching Cuba.


KEY QUOTES

"Cuba will be failing pretty ‌soon. Cuba ‍is really a nation that's very close to ‍failing," Trump told reporters on Tuesday.

"You know, they ‌got their money from Venezuela. They got the oil from Venezuela. They are not getting that anymore," he added.

CONTEXT

Trump has said Washington will "run" Venezuela where Maduro's former vice president, Delcy Rodriguez, became interim president and is governing the country under U.S. oversight.
ADVERTISEMENT

The U.N. human rights ‍office has said the U.S. raid in which Maduro was seized was a violation of ‍international law.

Human ⁠rights experts say ⁠Trump's focus on exploiting Venezuelan oil echoed an imperialist approach and raised questions about U.S. efforts to frame Maduro's capture as a law enforcement action to cut drug trafficking.

Cuba's president said this month Washington had no moral authority to force a deal on Cuba after Trump suggested the Communist-run island should strike an agreement with the U.S.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › Global Trends › Trump says 'Cuba will be failing pretty soon' after Venezuela stops oil, money support
Text Size:AAA
Success
This article has been saved

*

+