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US embargo on Hormuz Strait hits Cuba's energy stock

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US embargo on Hormuz Strait hits Cuba's energy stock




Cuba's Energy Minister said on Wednesday that the country has completely run out of fuel as a result of the US blockade on the Strait of Hormuz. 

"We have absolutely no fuel (oil), and absolutely no diesel," Vicente de la O Levy said on state-run media.  "We have no reserves."

He added that the national power grid is in a "critical" state, and said that the country is " open to anyone that wants to sell us fuel".

Fuel shortages have drastically increased power outages across the capital of Havana, with many areas left without electricity for up to 20 to 22 hours daily. 

The Russian-flagged Anatoly Kolodkin is the only large oil tanker that has delivered crude oil to Cuba since December.




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