LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Cuba suspends annual cigar festival as U.S. oil blockade deepens energy crisis

Robert Frost by Robert Frost
February 16, 2026
in Industries
Cuba suspends annual cigar festival as U.S. oil blockade deepens energy crisis
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Here are the best electric bikes you can buy at every price level in February 2026

MAN Trucks shows off its megawatt charging in subzero temperatures

Mercedes-Benz’ eActros electric semi trucks arrive in Chile

A female worker operates a machine during the rolling process at the mechanized cigar factory in Havana on May 8, 2025.

Adalberto Roque | Afp | Getty Images

An annual cigar festival in Cuba’s capital city of Havana, which had been due to take place over five days in late February, has been suspended until further notice due to a worsening economic crisis.

The postponement comes as the island nation’s communist-run government endures its biggest test since the collapse of the Soviet Union.

Habanos S.A., the cigar fair’s organizer, said on Saturday that it had suspended the festival “with the aim of preserving the highest standards of quality, excellence and experience that characterize this international event.”

The organizing committee said it was working on setting a new date for the fair, without providing further details.

The festival has previously welcomed more than 1,000 guests from around 80 countries, with attendees participating in auctions and touring tobacco plantations.

Premium Cuban cigars are globally renowned and considered of high economic importance, serving as one of the island’s main exports and a major source of foreign currency. They are illegal in the U.S., however, due to a decades-old trade embargo.

Last year, Habanos. S.A., a state-run entity that holds a monopoly on global sales of Cuban cigars, reported record sales of $827 million in 2024, reflecting a 16% increase compared to the year prior.

A pedicab rides along a street in Havana, Cuba on February 13, 2026. The fuel crisis in Cuba, and particularly in Havana, is forcing many workers who depend on daily mobility to abandon gasoline cars and turn to electric tricycles and bicycle taxis as more accessible alternatives.

Yamil Lage | Afp | Getty Images

Cuba is currently grappling with a severe fuel shortage amid a U.S. oil blockade.

The Trump administration has effectively cut Cuba off from Venezuelan oil since launching a military operation to seize Venezuelan President Nicolás Maduro on Jan. 3.

U.S. President Donald Trump has since called its government “an unusual and extraordinary threat” and pledged to impose tariffs on any country that supplies it with oil.

Cuba’s government, which has condemned U.S. pressure, has recently adopted measures to protect essential services and ration fuel supplies for key sectors.

Cuba’s dwindling oil supplies prompted the United Nations to warn of a possible humanitarian “collapse” earlier in the month.

“The Secretary-General is extremely concerned about the humanitarian situation in Cuba, which will worsen, and if not collapse, if its oil needs go unmet,” said UN spokesperson Stéphane Dujarric.



Source link

Share30Tweet19
Previous Post

Late payments are causing an estimated 3,050 SMEs to close each year – London Business News | London Wallet

Next Post

One in three workers are ‘disengaged’ and are already checking out – London Business News | London Wallet

Robert Frost

Robert Frost

Jutawantoto Jutawantoto Jutawantoto Jutawantoto Berita Terbaru Hari

Recommended For You

Here are the best electric bikes you can buy at every price level in February 2026
Industries

Here are the best electric bikes you can buy at every price level in February 2026

February 16, 2026
MAN Trucks shows off its megawatt charging in subzero temperatures
Industries

MAN Trucks shows off its megawatt charging in subzero temperatures

February 16, 2026
Mercedes-Benz’ eActros electric semi trucks arrive in Chile
Industries

Mercedes-Benz’ eActros electric semi trucks arrive in Chile

February 15, 2026
Trump trade adviser Navarro says administration may force data center builders like Meta to ‘internalize’ costs
Industries

Trump trade adviser Navarro says administration may force data center builders like Meta to ‘internalize’ costs

February 15, 2026
Next Post
One in three workers are ‘disengaged’ and are already checking out – London Business News | London Wallet

One in three workers are ‘disengaged’ and are already checking out - London Business News | London Wallet

Related News

Foxtons H1 results show leap in revenue and profit – London Wallet

Foxtons H1 results show leap in revenue and profit – London Wallet

July 31, 2024
Arbitrage Genius Review: Explore the best of the forex market – London Business News | London Wallet

Arbitrage Genius Review: Explore the best of the forex market – London Business News | London Wallet

July 27, 2023
How Russia keeps raising an army to replace its dead

How Russia keeps raising an army to replace its dead

December 5, 2025

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • jutawantoto
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?