The Trump administration has intensified sanctions on Cuba through Executive Order 14404 and new OFAC rules effective September 30, 2026, which restrict banking access for private Cuban entrepreneurs, eliminate certain travel licenses, prohibit indirect transactions with restricted entities, and target fuel shipments. These measures build on earlier actions including secondary sanctions and oil supply pressures that have contributed to Cuban fuel shortages and blackouts. Cuba implemented broad economic reforms in June allowing larger private firms, direct imports/exports, and foreign investment in the non-state sector, while U.S. exports of fuel, solar equipment, and goods to Cuban private entities have risen sharply. Diplomatic channels remain open but formal negotiations are stalled, with Cuba rejecting changes to its political system. The annual UN General Assembly vote on the U.S. embargo is scheduled for late October.