Cuba Accuses US of "Genocidal Policy," Oil Blockade Amid Escalating Tensions

Cuba Accuses US of "Genocidal Policy," Oil Blockade Amid Escalating Tensions

Cuban President Miguel Diaz-Canel has accused the United States of a "genocidal policy" aimed at suffocating the island, citing a ramped-up pressure campaign including an effective oil blockade and new sanctions. Washington's measures, following the toppling of Venezuela's Maduro, have led to a drastic decline in tourism and foreign currency inflows. Cuba, an ally of Russia and China, faces an energy crisis and power outages as the US seeks to install aligned governments. Such escalating geopolitical tensions could support international gold prices and potentially impact crude oil rates, influencing Pakistan's import costs and local gold market sentiment.

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