The U.S. government confirmed that shipments of crude oil and fuels from Mexico to Cuba have been halted by decision of the federal government. I do so based on public statements made by President Claudia Sheinbaum and on the follow-up to the recent energy policy. The measure responds to a sensitive international situation and the need to avoid trade tensions with the United States.
The undetermined suspension of Mexican oil
Mexico had increased its role as energy supplier to the island after the reduction of supplies from Venezuela. That dynamic placed the country as a relevant actor in the Cuban supply during the last months. However, the scenario changed with warnings from Washington about possible economic reprisals against nations that send oil to Cuba.
Later, he explained that the suspension does not imply a political or diplomatic break. The Executive has insisted on maintaining channels of cooperation with Cuba within the legal and commercial margins allowed.
Further on, I analyze that this pause in shipments is part of a strategy of caution. The government is seeking to evaluate costs, risks and alternatives before resuming any energy flows. energy flow. At this point, foreign policy and energy policy converge in a decision that prioritizes the prevention of sanctions and tariffs.
Finally, I note that the suspension of Mexican oil shipments to Cuba opens a new chapter in the regional relationship. Whether or not these supplies will continue will depend on the dialogue with the United States and the evolution of the international framework surrounding the Caribbean island.
Source: Reuters