Oil prices fall as Iran vows retaliation over U.S. sanctions
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concer...
Cuban Foreign Minister Bruno Rodríguez Parrilla has blamed the U.S. embargo for the country's repeated nationwide electricity outages.
"The disconnections of the national electric system (SEN) are direct consequences of the genocidal blockade of the United States against #Cuba, in particular of the energy siege," Parrilla said on X.
He added that the restrictions not only limit fuel imports but also prevent the entry of spare parts needed to maintain the SEN, hinder cooperation with foreign experts and restrict access to international financing.
The comments came after another nationwide power grid collapse, the latest in a series of major outages that have affected the island in recent months.
The recurring blackouts have disrupted households, businesses and public services across the Caribbean island of around 10 million people, worsening existing shortages of food, fuel and medicine amid a prolonged economic downturn.
The electricity crisis has also intensified diplomatic tensions between Havana and Washington.
Cuba has blamed decades of U.S. sanctions and trade restrictions for limiting access to fuel, financing and critical equipment, while the U.S. has attributed the outages to failures within Cuba’s state-run economic system.
The U.S. Embassy in Havana on Monday advised U.S. citizens in Cuba and those planning to travel to the island to prepare for widespread disruptions, including possible cellphone and internet outages.
“Cuba’s electrical grid is increasingly unstable,” the embassy said, noting that the latest blackout marked the sixth total grid failure in 2026, with three occurring in July alone.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
A newly created pro-government political party has secured a commanding victory in Kazakhstan's snap parliamentary election, according to exit polls, strengthening President Kassym-Jomart Tokayev's influence at a pivotal moment in the country's political transition.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Canada has announced nearly $20 billion in retaliatory tariffs on U.S. goods and billions in support for workers and businesses, escalating its trade dispute with Washington after President Donald Trump's latest duties took effect.
Pakistani exporters are facing soaring shipping costs to the U.S., with freight rates more than tripling on some routes as the Iran-U.S. conflict drives up war-risk insurance and fuel costs.
The trial of a Libyan man accused of building the bomb that destroyed Pan Am Flight 103 over the Scottish town of Lockerbie in 1988, killing 270 people, has been postponed by a U.S. federal judge.
France and Saudi Arabia have agreed on plans for a $7 billion manga-themed amusement complex near Paris, inspired by the hugely popular Japanese franchise Dragon Ball Z.
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