IBOV 175,063 ▼ 0.39% IPSA 10,898 ▲ 0.55% IPC MEX 68,866 ▼ 1.65% MERVAL 3,089,497 ▲ 0.57% COLCAP 2,194.76 ▼ 1.51% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.04 ▼ 0.39% USD/MXN 17.32 ▼ 0.26% USD/CLP 891.11 ▼ 0.33% USD/COP 3,633 ▼ 1.05% USD/PEN 3.41 ▼ 0.03% USD/ARS 1,409 ▼ 0.23% USD/UYU 40.09 ▲ 1.61% USD/PYG 6,039 ▲ 0.26% USD/BOB 6.85 ▲ 1.30% USD/DOP 58.14 ▼ 0.27% USD/CRC 449.56 ▲ 2.15% USD/GTQ 7.62 ▲ 2.31% USD/HNL 26.63 ▲ 0.29% USD/NIO 36.62 ▲ 0.31% USD/VES 543.22 ▲ 1.59% USD/PAB 1.00 ▲ 2.20% USD/BZD 2.00 ▲ 1.63% USD/JMD 156.16 ▲ 0.13% USD/TTD 6.74 ▲ 1.10% EUR/BRL 5.87 ▲ 0.06% BRENT 92.83 ▼ 1.55% WTI 88.90 ▲ 0.25% IRON ORE 161.91 — — COPPER 6.42 ▲ 1.82% GOLD 4,528 ▲ 1.80% SILVER 75.93 ▲ 1.78% SOY 1,196 ▲ 0.89% CORN 456.25 ▲ 0.83% WHEAT 624.00 ▲ 0.24% COFFEE 273.90 ▲ 1.50% SUGAR 13.92 ▼ 1.56% ORANGE JUICE 167.60 ▲ 0.30% COTTON 76.63 ▲ 0.62% COCOA 4,071 ▼ 1.67% BEEF 241.15 ▼ 4.09% CATTLE 352.88 ▼ 0.49% LITHIUM 87.50 ▲ 2.30% PETR4 42.51 ▼ 0.72% VALE3 83.96 ▲ 0.61% ITUB4 40.00 ▼ 0.79% BBDC4 17.90 ▼ 0.56% ABEV3 16.29 ▼ 1.93% BBAS3 20.61 ▼ 2.14% B3SA3 16.50 ▲ 0.12% WEGE3 43.72 ▲ 0.62% PRIO3 62.97 ▼ 0.02% SUZB3 41.69 ▼ 0.95% RENT3 42.82 — 0.00% AZZA3 19.85 ▼ 3.87% CSAN3 3.94 ▼ 1.75% RAIZ4 0.34 ▼ 19.05% PCAR3 1.96 ▼ 1.51% GMAT3 4.14 ▼ 2.82% PSSA3 48.28 ▼ 0.54% CVCB3 1.60 ▼ 5.33% POSI3 4.14 ▲ 0.24% SLCE3 15.90 ▲ 0.06% NATU3 10.10 ▲ 1.30% BRKM5 11.13 ▼ 1.68% RANI3 7.94 ▲ 0.13% CSNA3 6.80 ▲ 3.82% CMIN3 4.70 ▲ 1.51% USIM5 10.65 ▲ 4.11% GGBR4 23.50 ▼ 1.01% ENEV3 25.00 ▼ 0.56% NEOE3 33.80 — 0.00% CPFE3 43.03 ▼ 2.60% CMIG4 11.05 ▼ 0.99% EQTL3 38.20 ▲ 0.55% LREN3 15.00 ▲ 0.87% VIVT3 33.60 ▼ 0.97% RAIL3 13.85 ▼ 1.42% KLABIN 16.67 ▼ 0.66% RAIA DROGASIL 18.95 ▲ 2.43% RDOR3 34.47 ▲ 0.20% HAPV3 12.48 ▲ 0.65% FLRY3 15.74 ▼ 1.50% SMTO3 17.16 ▲ 0.12% UGPA3 26.91 ▼ 2.07% VBBR3 30.91 ▼ 0.35% BBSE3 34.58 ▼ 0.80% BPAC11 54.30 ▼ 1.25% CURY3 32.18 ▲ 2.22% AERI3 2.32 ▼ 0.43% VIVARA 22.15 ▼ 0.14% COMPASS 26.99 ▲ 1.85% VAMOS 3.19 ▼ 1.24% SANB11 27.22 ▼ 0.91% ASAI3 8.98 ▼ 2.92% SBSP3 28.16 ▼ 1.40% WALMEX 52.60 ▼ 3.63% GMEXICO 215.25 ▼ 0.17% FEMSA 209.22 ▼ 1.77% CEMEX 22.63 ▼ 1.35% GFNORTE 185.11 ▼ 2.32% BIMBO 58.87 ▼ 0.83% TELEVISA 9.70 ▼ 1.82% AMX 22.35 ▼ 1.15% GAP 411.98 ▼ 2.75% ASUR 300.63 ▼ 1.62% OMA 218.65 ▼ 0.90% KOF 185.70 ▼ 2.45% GRUMA 292.80 ▼ 1.38% KIMBER 38.26 ▼ 2.10% SQM-B 75,368 ▼ 0.09% COPEC 6,560 ▲ 1.78% BSANTANDER 71.40 ▼ 0.57% FALABELLA 5,875 ▲ 0.75% ENELAM 78.99 ▲ 0.60% CENCOSUD 2,180 ▲ 2.30% CMPC 1,120 — 0.00% BANCO CHILE 172.50 ▼ 0.37% LATAM AIR 23.76 ▲ 0.38% YPF 77,075 ▲ 0.59% GGAL 7,240 ▲ 1.33% PAMPA 4,988 ▲ 0.61% TXAR 670.50 ▼ 0.96% ALUAR 1,008 ▲ 1.36% TGS 9,130 ▲ 1.05% CEPU 2,256 ▼ 2.00% MIRGOR 16,850 ▼ 1.32% COME 47.09 ▼ 1.98% LOMA NEGRA 3,498 ▼ 2.03% BYMA 293.00 ▲ 0.51% TELECOM ARG 4,100 ▼ 1.32% ECOPETROL 14.79 ▼ 0.90% BANCOLOMBIA 69.19 ▼ 2.25% GRUPO AVAL 4.69 ▼ 1.47% CREDICORP 341.50 ▼ 1.94% SOUTHERN COPPER 194.88 ▲ 3.80% BUENAVENTURA 35.01 ▲ 1.10% MERCADOLIBRE 1,696 ▼ 0.04% NUBANK 13.05 ▲ 0.15% XP 16.96 ▼ 1.02% PAGSEGURO 9.33 ▲ 0.65% STONE 11.33 ▼ 0.18% GLOBANT 39.93 ▲ 2.86% TECNOGLASS 44.21 ▲ 2.60% GAP AIRPORT 238.11 ▼ 2.49% ASUR 300.63 ▼ 1.62% OMA AIRPORT 100.72 ▼ 1.44% AMX ADR 25.79 ▼ 0.69% FEMSA ADR 120.87 ▼ 1.47% CEMEX ADR 13.06 ▼ 1.14% PETROBRAS ADR 18.83 ▼ 0.69% VALE ADR 16.55 ▲ 0.24% ITAU ADR 7.88 ▼ 1.01% SANTANDER BR 5.44 ▼ 0.91% AMBEV ADR 3.20 ▼ 2.14% CSN 1.36 ▲ 3.03% GERDAU 4.65 ▼ 1.48% LATAM ADR 53.19 ▲ 0.11% BTC 73,566 ▼ 1.05% ETH 2,015 ▼ 0.37% SOL 82.38 ▲ 0.01% XRP 1.32 ▲ 1.27% BNB 640.59 ▼ 1.17% ADA 0.24 ▼ 0.62% DOGE 0.10 ▼ 0.52% AVAX 8.95 ▼ 0.97% LINK 9.02 ▼ 1.24% DOT 1.22 ▼ 0.64% LTC 51.87 ▼ 0.10% BCH 302.58 ▼ 9.39% TRX 0.35 ▼ 3.96% XLM 0.20 ▲ 24.66% HBAR 0.09 ▲ 5.00% NEAR 2.44 ▼ 2.12% ATOM 2.04 ▼ 4.05% AAVE 81.44 ▼ 2.15% SELIC 14.50% EMBRAER 73.60 ▲ 0.14% EMBRAER ADR 58.40 ▲ 0.57% JBS 12.94 ▼ 2.12% JBS BDR 65.03 ▼ 2.69% MBRF3 16.29 — 0.00% MBRFY 3.23 ▲ 1.89% INTER 6.34 ▼ 1.09% EGX 52,659 ▼ 0.38% USD/ZAR 16.22 ▼ 0.90% USD/NGN 1,373 ▲ 0.04% NIKKEI 64,693 ▼ 0.47% CSI300 4,914 ▲ 0.12% HSI 25,006 ▼ 1.27% NIFTY 23,907 ▼ 0.03% KOSPI 8,185 ▼ 0.53% JCI 6,130 ▼ 1.23% USD/JPY 159.26 ▼ 0.09% USD/CNY 6.7791 ▲ 0.01% DAX 25,092 ▼ 0.34% CAC 8,189 ▼ 0.23% FTSE 10,426 ▼ 0.75% MIB 49,825 ▲ 0.50% IBEX 18,279 ▼ 0.55% STOXX 625.11 ▼ 0.49% EUR/USD 1.1650 ▲ 0.18% GBP/USD 1.3440 ▲ 0.09% SPX 7,564 ▲ 0.58% DJI 50,669 ▲ 0.05% NDX 30,224 ▲ 0.84% RUT 2,937 ▲ 0.57% TSX 34,518 ▲ 0.31% VIX 15.74 ▼ 3.38% USD/CAD 1.3782 ▼ 0.40% US10Y 4.4550 ▼ 0.58% IBOV 175,063 ▼ 0.39% IPSA 10,898 ▲ 0.55% IPC MEX 68,866 ▼ 1.65% MERVAL 3,089,497 ▲ 0.57% COLCAP 2,194.76 ▼ 1.51% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.04 ▼ 0.39% USD/MXN 17.32 ▼ 0.26% USD/CLP 891.11 ▼ 0.33% USD/COP 3,633 ▼ 1.05% USD/PEN 3.41 ▼ 0.03% USD/ARS 1,409 ▼ 0.23% USD/UYU 40.09 ▲ 1.61% USD/PYG 6,039 ▲ 0.26% USD/BOB 6.85 ▲ 1.30% USD/DOP 58.14 ▼ 0.27% USD/CRC 449.56 ▲ 2.15% USD/GTQ 7.62 ▲ 2.31% USD/HNL 26.63 ▲ 0.29% USD/NIO 36.62 ▲ 0.31% USD/VES 543.22 ▲ 1.59% USD/PAB 1.00 ▲ 2.20% USD/BZD 2.00 ▲ 1.63% USD/JMD 156.16 ▲ 0.13% USD/TTD 6.74 ▲ 1.10% EUR/BRL 5.87 ▲ 0.06% BRENT 92.83 ▼ 1.55% WTI 88.90 ▲ 0.25% IRON ORE 161.91 — — COPPER 6.42 ▲ 1.82% GOLD 4,528 ▲ 1.80% SILVER 75.93 ▲ 1.78% SOY 1,196 ▲ 0.89% CORN 456.25 ▲ 0.83% WHEAT 624.00 ▲ 0.24% COFFEE 273.90 ▲ 1.50% SUGAR 13.92 ▼ 1.56% ORANGE JUICE 167.60 ▲ 0.30% COTTON 76.63 ▲ 0.62% COCOA 4,071 ▼ 1.67% BEEF 241.15 ▼ 4.09% CATTLE 352.88 ▼ 0.49% LITHIUM 87.50 ▲ 2.30% PETR4 42.51 ▼ 0.72% VALE3 83.96 ▲ 0.61% ITUB4 40.00 ▼ 0.79% BBDC4 17.90 ▼ 0.56% ABEV3 16.29 ▼ 1.93% BBAS3 20.61 ▼ 2.14% B3SA3 16.50 ▲ 0.12% WEGE3 43.72 ▲ 0.62% PRIO3 62.97 ▼ 0.02% SUZB3 41.69 ▼ 0.95% RENT3 42.82 — 0.00% AZZA3 19.85 ▼ 3.87% CSAN3 3.94 ▼ 1.75% RAIZ4 0.34 ▼ 19.05% PCAR3 1.96 ▼ 1.51% GMAT3 4.14 ▼ 2.82% PSSA3 48.28 ▼ 0.54% CVCB3 1.60 ▼ 5.33% POSI3 4.14 ▲ 0.24% SLCE3 15.90 ▲ 0.06% NATU3 10.10 ▲ 1.30% BRKM5 11.13 ▼ 1.68% RANI3 7.94 ▲ 0.13% CSNA3 6.80 ▲ 3.82% CMIN3 4.70 ▲ 1.51% USIM5 10.65 ▲ 4.11% GGBR4 23.50 ▼ 1.01% ENEV3 25.00 ▼ 0.56% NEOE3 33.80 — 0.00% CPFE3 43.03 ▼ 2.60% CMIG4 11.05 ▼ 0.99% EQTL3 38.20 ▲ 0.55% LREN3 15.00 ▲ 0.87% VIVT3 33.60 ▼ 0.97% RAIL3 13.85 ▼ 1.42% KLABIN 16.67 ▼ 0.66% RAIA DROGASIL 18.95 ▲ 2.43% RDOR3 34.47 ▲ 0.20% HAPV3 12.48 ▲ 0.65% FLRY3 15.74 ▼ 1.50% SMTO3 17.16 ▲ 0.12% UGPA3 26.91 ▼ 2.07% VBBR3 30.91 ▼ 0.35% BBSE3 34.58 ▼ 0.80% BPAC11 54.30 ▼ 1.25% CURY3 32.18 ▲ 2.22% AERI3 2.32 ▼ 0.43% VIVARA 22.15 ▼ 0.14% COMPASS 26.99 ▲ 1.85% VAMOS 3.19 ▼ 1.24% SANB11 27.22 ▼ 0.91% ASAI3 8.98 ▼ 2.92% SBSP3 28.16 ▼ 1.40% WALMEX 52.60 ▼ 3.63% GMEXICO 215.25 ▼ 0.17% FEMSA 209.22 ▼ 1.77% CEMEX 22.63 ▼ 1.35% GFNORTE 185.11 ▼ 2.32% BIMBO 58.87 ▼ 0.83% TELEVISA 9.70 ▼ 1.82% AMX 22.35 ▼ 1.15% GAP 411.98 ▼ 2.75% ASUR 300.63 ▼ 1.62% OMA 218.65 ▼ 0.90% KOF 185.70 ▼ 2.45% GRUMA 292.80 ▼ 1.38% KIMBER 38.26 ▼ 2.10% SQM-B 75,368 ▼ 0.09% COPEC 6,560 ▲ 1.78% BSANTANDER 71.40 ▼ 0.57% FALABELLA 5,875 ▲ 0.75% ENELAM 78.99 ▲ 0.60% CENCOSUD 2,180 ▲ 2.30% CMPC 1,120 — 0.00% BANCO CHILE 172.50 ▼ 0.37% LATAM AIR 23.76 ▲ 0.38% YPF 77,075 ▲ 0.59% GGAL 7,240 ▲ 1.33% PAMPA 4,988 ▲ 0.61% TXAR 670.50 ▼ 0.96% ALUAR 1,008 ▲ 1.36% TGS 9,130 ▲ 1.05% CEPU 2,256 ▼ 2.00% MIRGOR 16,850 ▼ 1.32% COME 47.09 ▼ 1.98% LOMA NEGRA 3,498 ▼ 2.03% BYMA 293.00 ▲ 0.51% TELECOM ARG 4,100 ▼ 1.32% ECOPETROL 14.79 ▼ 0.90% BANCOLOMBIA 69.19 ▼ 2.25% GRUPO AVAL 4.69 ▼ 1.47% CREDICORP 341.50 ▼ 1.94% SOUTHERN COPPER 194.88 ▲ 3.80% BUENAVENTURA 35.01 ▲ 1.10% MERCADOLIBRE 1,696 ▼ 0.04% NUBANK 13.05 ▲ 0.15% XP 16.96 ▼ 1.02% PAGSEGURO 9.33 ▲ 0.65% STONE 11.33 ▼ 0.18% GLOBANT 39.93 ▲ 2.86% TECNOGLASS 44.21 ▲ 2.60% GAP AIRPORT 238.11 ▼ 2.49% ASUR 300.63 ▼ 1.62% OMA AIRPORT 100.72 ▼ 1.44% AMX ADR 25.79 ▼ 0.69% FEMSA ADR 120.87 ▼ 1.47% CEMEX ADR 13.06 ▼ 1.14% PETROBRAS ADR 18.83 ▼ 0.69% VALE ADR 16.55 ▲ 0.24% ITAU ADR 7.88 ▼ 1.01% SANTANDER BR 5.44 ▼ 0.91% AMBEV ADR 3.20 ▼ 2.14% CSN 1.36 ▲ 3.03% GERDAU 4.65 ▼ 1.48% LATAM ADR 53.19 ▲ 0.11% BTC 73,566 ▼ 1.05% ETH 2,015 ▼ 0.37% SOL 82.38 ▲ 0.01% XRP 1.32 ▲ 1.27% BNB 640.59 ▼ 1.17% ADA 0.24 ▼ 0.62% DOGE 0.10 ▼ 0.52% AVAX 8.95 ▼ 0.97% LINK 9.02 ▼ 1.24% DOT 1.22 ▼ 0.64% LTC 51.87 ▼ 0.10% BCH 302.58 ▼ 9.39% TRX 0.35 ▼ 3.96% XLM 0.20 ▲ 24.66% HBAR 0.09 ▲ 5.00% NEAR 2.44 ▼ 2.12% ATOM 2.04 ▼ 4.05% AAVE 81.44 ▼ 2.15% SELIC 14.50% EMBRAER 73.60 ▲ 0.14% EMBRAER ADR 58.40 ▲ 0.57% JBS 12.94 ▼ 2.12% JBS BDR 65.03 ▼ 2.69% MBRF3 16.29 — 0.00% MBRFY 3.23 ▲ 1.89% INTER 6.34 ▼ 1.09% EGX 52,659 ▼ 0.38% USD/ZAR 16.22 ▼ 0.90% USD/NGN 1,373 ▲ 0.04% NIKKEI 64,693 ▼ 0.47% CSI300 4,914 ▲ 0.12% HSI 25,006 ▼ 1.27% NIFTY 23,907 ▼ 0.03% KOSPI 8,185 ▼ 0.53% JCI 6,130 ▼ 1.23% USD/JPY 159.26 ▼ 0.09% USD/CNY 6.7791 ▲ 0.01% DAX 25,092 ▼ 0.34% CAC 8,189 ▼ 0.23% FTSE 10,426 ▼ 0.75% MIB 49,825 ▲ 0.50% IBEX 18,279 ▼ 0.55% STOXX 625.11 ▼ 0.49% EUR/USD 1.1650 ▲ 0.18% GBP/USD 1.3440 ▲ 0.09% SPX 7,564 ▲ 0.58% DJI 50,669 ▲ 0.05% NDX 30,224 ▲ 0.84% RUT 2,937 ▲ 0.57% TSX 34,518 ▲ 0.31% VIX 15.74 ▼ 3.38% USD/CAD 1.3782 ▼ 0.40% US10Y 4.4550 ▼ 0.58%
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Thursday, May 28, 2026

Cuba Confirms U.S. Talks After Weeks of Denial and Crisis

By · March 13, 2026 · 3 min read

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Key Points

President Díaz-Canel confirmed Friday that Cuban officials have been holding talks with U.S. representatives, reversing weeks of official denials

The talks, led by Díaz-Canel and 94-year-old Raúl Castro, are described as “an initial phase” aimed at identifying bilateral problems; Castro’s grandson was visible in the broadcast

The admission comes after three months of a U.S. oil blockade that has cut 90% of Cuba’s fuel supply, triggering 20-hour blackouts, school closures, and a deepening humanitarian crisis

Cuba has finally acknowledged what Washington has been saying for weeks: the two governments are talking. In a televised address on Friday, President Miguel Díaz-Canel confirmed that Cuban officials have held recent conversations with U.S. representatives aimed at resolving bilateral differences — a dramatic reversal from the regime’s weeks of flat denials. The Cuba U.S. talks represent the most significant diplomatic engagement between Havana and Washington since the Obama-era thaw, and they arrive at a moment when Cuba’s communist government faces what may be the gravest economic crisis in its 67-year history. This is part of The Rio Times’ comprehensive coverage of Latin American financial markets and global developments affecting them.

Cuba U.S. Talks Led by Castro and Díaz-Canel

Díaz-Canel said the discussions were led jointly by himself and former president Raúl Castro, 94, who retains enormous influence as the Communist Party’s “historic leader.” He described the process as “very sensitive” and still in its initial phases, with the immediate goal of identifying problems that need solutions and assessing whether both sides are willing to act. He did not name the U.S. participants, though media reports have identified Secretary of State Marco Rubio’s team as the primary interlocutor, with much of the contact channeled through Raúl Guillermo Rodríguez Castro — the former leader’s 41-year-old grandson, a colonel and former security chief known as “El Cangrejo” — who appeared seated behind Díaz-Canel in the broadcast.

Cuba Confirms U.S. Talks After Weeks of Denial and Crisis. (Photo Internet reproduction)

Cuba insisted the talks proceed on the basis of “equality and respect for the political systems of both states,” language that suggests Havana is not prepared to accept the regime-change framing Trump has used publicly. Trump said on March 7 that “Rubio is talking to Cuba right now” and that a deal could come “in an hour,” while also floating what he called a “friendly takeover” of the island. As The Rio Times reported, Cuba released 51 prisoners on Thursday after Vatican mediation — a gesture widely interpreted as a confidence-building measure ahead of Friday’s announcement.

Timeline chart showing key events in the Cuba-U.S. crisis from January to March 2026, from oil blockade through confirmed talks

Three Months of Oil Blockade Forced Cuba’s Hand

The path to these talks runs through an energy catastrophe. When U.S. forces captured Maduro on January 3, they severed overnight the 35,000 barrels per day Venezuela shipped to Cuba. On January 29, Trump signed an executive order imposing tariffs on any country selling oil to Cuba, and Mexico halted deliveries shortly after. Cuba’s fuel supply collapsed to roughly 10% of normal. Blackouts exceeding 20 hours paralyzed some provinces, hospitals ran on emergency generators, schools closed, and Havana’s streets filled with uncollected garbage as only 44 of the capital’s 106 trash trucks had fuel to run.

A February 13 refinery fire in Havana worsened an already desperate situation. The government shifted to a four-day workweek, suspended jet fuel sales for a month, and decentralized economic activity. The UN warned conditions would collapse further if oil needs went unmet. On February 26, the U.S. Treasury partially relented, authorizing resale of Venezuelan oil for “humanitarian use” in Cuba — a concession that came after Caribbean leaders pressed Rubio directly at the CARICOM summit.

What Comes Next Remains Uncertain

Díaz-Canel acknowledged that agreements remain “distant,” and U.S. officials have privately suggested he could be an obstacle to the changes Washington seeks. The Trump administration has stated regime change as an explicit objective, while Havana insists on sovereignty. What bridged that gap was maximum economic pressure, the fall of allies including Maduro and Iran’s Khamenei, and the reality that 10.9 million people cannot survive without fuel. Whether these talks produce reform, a transactional deal on migration and security, or collapse under irreconcilable demands will define one of the most consequential diplomatic openings in the hemisphere in decades.

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