Cuba Oil Reserves Exhausted; Blackouts and Fuel Shortages Spark Street Protests – May 2026
Cuba's energy minister announced on Thursday that oil reserves supplied by Russia have 'run out', severely worsening nationwide power blackouts under a tightened US fuel embargo. Dozens of Cubans took to the streets outside Havana on Wednesday night to protest the crippling blackouts and fuel shortages. The crisis reflects compounding pressures from US sanctions, reduced Russian energy support, and the island's fragile power infrastructure.
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Impact verdict
Medium impact. The crisis has significant humanitarian and economic consequences for Cuba, with potential for escalating civil unrest and disruption to any insured energy infrastructure and cargo flows. However, Cuba's limited integration into global insurance markets constrains direct insured loss exposure.
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Start two-week trialGeographic Zone Matches
3 active matches
- OFAC Sanctioned CountriesRule-basedConfidence 100%
- JWC Listed AreasRule-basedConfidence 100%
- EU Sanctions ListRule-basedConfidence 100%
Geographic zone matches are RiskEvents spatial/analytical indicators, not coverage determinations or Lloyd's official classifications.
Affected countries
Lloyd's classifications
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