US slaps sanctions against Cuban oil and gas company as tensions rise
Business
Finance
Politics
June 11, 2026
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(AP) — The United States government on Thursday announced sanctions against Cuba’s state-owned oil and gas company in a move some experts say will only deepen the island's crises and hit vulnerable Cubans the hardest.
US Secretary of State Marco Rubio asserted that key assets of the company, known as Cupet, were “unlawfully expropriated from American owners years ago.”
He also accused Cuba’s government of weaponizing energy.
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