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Russia Points Finger at U.S. as Cuba’s Fuel Crisis Escalates

Tricycle cabs wait for their turn to pick up clients as Cubans brace for fuel scarcity measures in Havana. Cuba is grappling with a severe fuel shortage that has disrupted transportation, strained public services, and forced the government to tighten rationing measures. The Kremlin has described the situation as “critical,” arguing that U.S. sanctions are largely to blame for the island’s deepening energy emergency. Russian officials claim Washington’s long‑standing restrictions are designed to “suffocate” Cuba by limiting its access to fuel imports and financial channels. Moscow says it remains in close contact with Havana and is exploring ways to support its ally as the crisis intensifies. Meanwhile, Cuban authorities warn that the coming weeks may bring further disruptions as supplies continue to dwindle.
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The stock market experienced a downturn today as futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite slipped. This decline follows a brief rally fueled by the Federal Reserve's decision to hold interest rates steady. While the Fed's move initially reassured investors, concerns about inflation and slower economic growth have resurfaced, dampening market sentiment.

Futures linked to the Dow fell by 0.6%, while the S&P 500 and Nasdaq futures dropped by 0.7% and 0.9%, respectively. The Federal Reserve's updated projections, which indicate higher inflation and reduced economic growth, have raised doubts about the path to potential rate cuts later this year. These broader economic concerns have weighed heavily on investor confidence.


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