IBOV 172,021 ▼ 0.25% IPSA 10,879 ▲ 0.53% IPC MEX 66,675 ▼ 1.17% MERVAL 3,223,998 ▼ 1.32% COLCAP 2,294.46 ▼ 0.06% BVL PERÚ 56,156.48 ▼ 1.14% USD/BRL5.16▲ 0.05% USD/MXN17.54▲ 0.16% USD/CLP928.57▼ 0.15% USD/COP3,337▼ 0.49% USD/PEN3.41▲ 0.19% USD/ARS1,492▼ 0.03% USD/UYU40.25▲ 1.59% USD/PYG6,057▲ 1.98% USD/BOB9.85▲ 45.88% USD/DOP58.70▲ 0.64% USD/CRC451.10▲ 1.96% USD/GTQ7.62▲ 2.43% USD/HNL26.71▲ 1.66% USD/NIO36.62▲ 0.96% USD/VES684.23▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.79% USD/TTD6.73▲ 1.60% EUR/BRL5.90▲ 0.34% BRENT 75.95 ▲ 2.41% WTI 72.06 ▲ 2.30% IRON ORE 161.91 — — COPPER 6.17 ▲ 0.04% GOLD 4,131 ▼ 0.35% SILVER 61.02 ▲ 0.15% SOY 1,199 ▲ 0.21% CORN 464.50 ▲ 4.97% WHEAT 621.25 ▲ 1.97% COFFEE 304.45 ▼ 16.35% SUGAR 15.36 ▲ 1.45% ORANGE JUICE 156.75 ▼ 14.23% COTTON 80.14 ▲ 4.16% COCOA 5,894 ▲ 5.21% BEEF 238.43 ▼ 0.28% CATTLE 360.65 ▲ 0.04% LITHIUM 73.80 ▼ 3.11% PETR4 38.44 ▲ 1.77% VALE3 76.20 ▼ 2.04% ITUB4 42.43 ▼ 0.31% BBDC4 17.82 ▼ 0.56% ABEV3 15.61 ▼ 1.70% BBAS3 19.73 ▼ 0.20% B3SA3 14.53 ▼ 0.34% WEGE3 45.87 ▼ 0.84% PRIO3 56.23 ▲ 4.97% SUZB3 40.92 ▲ 0.49% RENT3 39.09 ▼ 3.05% AZZA3 18.08 ▲ 3.61% CSAN3 3.84 — 0.00% RAIZ4 0.39 ▲ 2.63% PCAR3 2.72 ▼ 1.09% GMAT3 3.58 ▼ 2.19% PSSA3 51.50 ▼ 3.56% CVCB3 1.24 ▼ 0.80% POSI3 3.76 ▲ 0.53% SLCE3 13.16 ▲ 2.81% NATU3 8.05 ▼ 3.13% BRKM5 6.01 ▲ 0.17% RANI3 7.90 ▼ 0.50% CSNA3 4.74 ▼ 0.42% CMIN3 4.55 ▲ 5.08% USIM5 8.43 ▼ 3.21% GGBR4 21.85 ▲ 0.05% ENEV3 25.67 ▼ 1.65% CPFE3 45.44 ▲ 1.25% CMIG4 10.93 ▲ 0.46% EQTL3 39.14 ▲ 0.20% LREN3 13.65 ▼ 3.12% VIVT3 34.31 ▼ 0.55% RAIL3 13.50 — 0.00% KLABIN 17.17 ▲ 1.00% RAIA DROGASIL 17.60 ▲ 0.92% RDOR3 34.83 ▼ 0.49% HAPV3 10.19 ▼ 1.83% FLRY3 15.57 ▼ 0.51% SMTO3 15.32 ▲ 2.41% UGPA3 28.20 ▲ 0.93% VBBR3 30.86 ▲ 2.46% BBSE3 38.55 ▼ 0.41% BPAC11 54.55 ▼ 1.50% CURY3 34.00 ▲ 0.59% AERI3 2.04 ▲ 2.00% VIVARA 22.67 ▲ 0.62% COMPASS 24.93 ▲ 0.04% VAMOS 2.89 ▲ 0.70% SANB11 26.01 ▼ 2.62% ASAI3 8.53 ▼ 1.61% SBSP3 29.47 ▼ 0.81% WALMEX 49.94 ▲ 1.79% GMEXICO 194.11 ▼ 4.28% FEMSA 226.89 ▲ 0.04% CEMEX 21.23 ▼ 0.84% GFNORTE 188.97 ▲ 0.30% BIMBO 56.70 ▼ 0.60% TELEVISA 9.62 ▲ 0.42% AMX 23.03 ▲ 1.14% GAP 417.62 ▼ 5.49% ASUR 288.89 ▼ 6.47% OMA 234.83 ▼ 4.49% KOF 185.91 ▼ 0.85% GRUMA 287.01 ▲ 1.33% KIMBER 39.13 ▼ 0.20% SQM-B 67,939 ▼ 0.47% COPEC 6,050 ▲ 2.89% BSANTANDER 78.50 ▲ 2.03% FALABELLA 6,000 ▲ 3.79% ENELAM 84.74 ▲ 2.23% CENCOSUD 2,081 ▼ 0.67% CMPC 1,075 ▲ 2.68% BANCO CHILE 187.50 ▲ 2.74% LATAM AIR 26.25 ▼ 0.19% YPF 74,350 ▲ 2.34% GGAL 8,055 ▼ 3.19% PAMPA 5,180 ▲ 0.58% TXAR 674.00 ▼ 1.10% ALUAR 996.00 ▲ 0.30% TGS 9,310 ▼ 0.59% CEPU 2,337 ▲ 0.13% MIRGOR 17,350 ▼ 0.14% COME 44.27 ▲ 0.50% LOMA NEGRA 3,563 ▼ 3.39% BYMA 307.00 ▼ 2.77% TELECOM ARG 4,088 ▼ 0.24% ECOPETROL 14.70 ▲ 1.59% BANCOLOMBIA 81.08 ▲ 0.22% GRUPO AVAL 4.92 ▼ 3.15% CREDICORP 386.47 ▼ 1.49% SOUTHERN COPPER 169.75 ▼ 2.37% BUENAVENTURA 28.91 ▼ 3.50% MERCADOLIBRE 1,814 ▲ 0.44% NUBANK 13.61 ▼ 3.20% XP 15.97 ▼ 2.62% PAGSEGURO 8.90 ▼ 0.34% STONE 10.68 ▼ 2.47% GLOBANT 31.65 ▲ 2.26% TECNOGLASS 43.25 ▼ 2.92% GAP AIRPORT 237.18 ▼ 6.78% ASUR 288.89 ▼ 6.47% OMA AIRPORT 107.17 ▼ 5.19% AMX ADR 26.14 ▼ 0.02% FEMSA ADR 129.40 ▼ 0.65% CEMEX ADR 12.11 ▼ 1.70% PETROBRAS ADR 16.66 ▲ 2.46% VALE ADR 14.69 ▼ 2.65% ITAU ADR 8.22 ▼ 0.84% SANTANDER BR 5.11 ▼ 3.40% AMBEV ADR 3.00 ▼ 2.28% CSN 0.93 ▼ 3.34% GERDAU 4.28 ▲ 1.18% LATAM ADR 56.73 ▼ 1.24% BTC 62,397 ▼ 1.42% ETH 1,742 ▼ 1.50% SOL 77.72 ▼ 3.63% XRP 1.09 ▼ 2.26% BNB 564.90 ▼ 2.06% ADA 0.17 ▼ 3.95% DOGE 0.07 ▼ 3.39% AVAX 6.38 ▼ 4.62% LINK 7.63 ▼ 2.88% DOT 0.83 ▼ 2.31% LTC 43.56 ▼ 0.77% BCH 236.08 ▼ 1.42% TRX 0.33 ▼ 0.76% XLM 0.18 ▼ 2.22% HBAR 0.07 ▼ 2.01% NEAR 1.90 ▼ 4.01% ATOM 1.55 ▼ 1.45% AAVE 88.30 ▼ 1.83% SELIC 14.25% NEOE3 33.80 — 0.00% EMBRAER 85.32 ▼ 1.12% EMBRAER ADR 65.97 ▼ 1.89% JBS 12.19 ▲ 0.49% JBS BDR 63.20 ▲ 1.94% MBRF3 15.73 ▼ 4.14% MBRFY 3.03 ▼ 5.31% INTER 5.59 ▼ 1.76% EGX 52,574 ▼ 0.82% USD/ZAR16.37▲ 0.43% USD/NGN 1,370 — 0.00% NIKKEI 66,819 ▼ 2.11% CSI300 4,756 ▼ 0.77% HSI 24,209 ▲ 3.03% NIFTY 24,214 ▼ 0.76% KOSPI 7,247 ▼ 5.35% JCI 5,929 ▼ 0.96% USD/JPY162.40▲ 0.18% USD/CNY6.80▲ 0.06% DAX 25,195 ▼ 1.06% CAC 8,363 ▼ 0.87% FTSE 10,593 ▼ 0.68% MIB 52,192 ▼ 0.50% IBEX 19,472 ▼ 0.86% STOXX 641.92 ▼ 0.68% EUR/USD1.14— 0.00% GBP/USD1.33▼ 0.37% SPX 7,504 ▼ 0.45% DJI 52,925 ▼ 0.25% NDX 29,173 ▼ 1.77% RUT 2,982 ▼ 0.90% TSX 35,273 ▲ 0.17% VIX 16.45 ▲ 1.98% USD/CAD1.42▼ 0.22% US10Y 4.5290 ▲ 1.12% IBOV 172,021 ▼ 0.25% IPSA 10,879 ▲ 0.53% IPC MEX 66,675 ▼ 1.17% MERVAL 3,223,998 ▼ 1.32% COLCAP 2,294.46 ▼ 0.06% BVL PERÚ 56,156.48 ▼ 1.14% USD/BRL 5.16 ▲ 0.05% USD/MXN 17.54 ▲ 0.16% USD/CLP 928.57 ▲ 0.13% USD/COP 3,337 ▼ 0.49% USD/PEN 3.41 ▲ 0.19% USD/ARS 1,492 ▼ 0.03% USD/UYU 40.25 ▲ 1.59% USD/PYG 6,057 ▲ 1.98% USD/BOB 9.85 ▲ 45.88% USD/DOP 58.70 ▲ 0.64% USD/CRC 451.10 ▲ 1.96% USD/GTQ 7.62 ▲ 2.43% USD/HNL 26.71 ▲ 1.41% USD/NIO 36.62 ▲ 0.96% USD/VES 684.23 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.79% USD/TTD 6.73 ▲ 1.60% EUR/BRL 5.90 ▲ 0.34% BRENT 75.95 ▲ 2.41% WTI 72.06 ▲ 2.30% IRON ORE 161.91 — — COPPER 6.17 ▲ 0.04% GOLD 4,131 ▼ 0.35% SILVER 61.02 ▲ 0.15% SOY 1,199 ▲ 0.21% CORN 464.50 ▲ 4.97% WHEAT 621.25 ▲ 1.97% COFFEE 304.45 ▼ 16.35% SUGAR 15.36 ▲ 1.45% ORANGE JUICE 156.75 ▼ 14.23% COTTON 80.14 ▲ 4.16% COCOA 5,894 ▲ 5.21% BEEF 238.43 ▼ 0.28% CATTLE 360.65 ▲ 0.04% LITHIUM 73.80 ▼ 3.11% PETR4 38.44 ▲ 1.77% VALE3 76.20 ▼ 2.04% ITUB4 42.43 ▼ 0.31% BBDC4 17.82 ▼ 0.56% ABEV3 15.61 ▼ 1.70% BBAS3 19.73 ▼ 0.20% B3SA3 14.53 ▼ 0.34% WEGE3 45.87 ▼ 0.84% PRIO3 56.23 ▲ 4.97% SUZB3 40.92 ▲ 0.49% RENT3 39.09 ▼ 3.05% AZZA3 18.08 ▲ 3.61% CSAN3 3.84 — 0.00% RAIZ4 0.39 ▲ 2.63% PCAR3 2.72 ▼ 1.09% GMAT3 3.58 ▼ 2.19% PSSA3 51.50 ▼ 3.56% CVCB3 1.24 ▼ 0.80% POSI3 3.76 ▲ 0.53% SLCE3 13.16 ▲ 2.81% NATU3 8.05 ▼ 3.13% BRKM5 6.01 ▲ 0.17% RANI3 7.90 ▼ 0.50% CSNA3 4.74 ▼ 0.42% CMIN3 4.55 ▲ 5.08% USIM5 8.43 ▼ 3.21% GGBR4 21.85 ▲ 0.05% ENEV3 25.67 ▼ 1.65% CPFE3 45.44 ▲ 1.25% CMIG4 10.93 ▲ 0.46% EQTL3 39.14 ▲ 0.20% LREN3 13.65 ▼ 3.12% VIVT3 34.31 ▼ 0.55% RAIL3 13.50 — 0.00% KLABIN 17.17 ▲ 1.00% RAIA DROGASIL 17.60 ▲ 0.92% RDOR3 34.83 ▼ 0.49% HAPV3 10.19 ▼ 1.83% FLRY3 15.57 ▼ 0.51% SMTO3 15.32 ▲ 2.41% UGPA3 28.20 ▲ 0.93% VBBR3 30.86 ▲ 2.46% BBSE3 38.55 ▼ 0.41% BPAC11 54.55 ▼ 1.50% CURY3 34.00 ▲ 0.59% AERI3 2.04 ▲ 2.00% VIVARA 22.67 ▲ 0.62% COMPASS 24.93 ▲ 0.04% VAMOS 2.89 ▲ 0.70% SANB11 26.01 ▼ 2.62% ASAI3 8.53 ▼ 1.61% SBSP3 29.47 ▼ 0.81% WALMEX 49.94 ▲ 1.79% GMEXICO 194.11 ▼ 4.28% FEMSA 226.89 ▲ 0.04% CEMEX 21.23 ▼ 0.84% GFNORTE 188.97 ▲ 0.30% BIMBO 56.70 ▼ 0.60% TELEVISA 9.62 ▲ 0.42% AMX 23.03 ▲ 1.14% GAP 417.62 ▼ 5.49% ASUR 288.89 ▼ 6.47% OMA 234.83 ▼ 4.49% KOF 185.91 ▼ 0.85% GRUMA 287.01 ▲ 1.33% KIMBER 39.13 ▼ 0.20% SQM-B 67,939 ▼ 0.47% COPEC 6,050 ▲ 2.89% BSANTANDER 78.50 ▲ 2.03% FALABELLA 6,000 ▲ 3.79% ENELAM 84.74 ▲ 2.23% CENCOSUD 2,081 ▼ 0.67% CMPC 1,075 ▲ 2.68% BANCO CHILE 187.50 ▲ 2.74% LATAM AIR 26.25 ▼ 0.19% YPF 74,350 ▲ 2.34% GGAL 8,055 ▼ 3.19% PAMPA 5,180 ▲ 0.58% TXAR 674.00 ▼ 1.10% ALUAR 996.00 ▲ 0.30% TGS 9,310 ▼ 0.59% CEPU 2,337 ▲ 0.13% MIRGOR 17,350 ▼ 0.14% COME 44.27 ▲ 0.50% LOMA NEGRA 3,563 ▼ 3.39% BYMA 307.00 ▼ 2.77% TELECOM ARG 4,088 ▼ 0.24% ECOPETROL 14.70 ▲ 1.59% BANCOLOMBIA 81.08 ▲ 0.22% GRUPO AVAL 4.92 ▼ 3.15% CREDICORP 386.47 ▼ 1.49% SOUTHERN COPPER 169.75 ▼ 2.37% BUENAVENTURA 28.91 ▼ 3.50% MERCADOLIBRE 1,814 ▲ 0.44% NUBANK 13.61 ▼ 3.20% XP 15.97 ▼ 2.62% PAGSEGURO 8.90 ▼ 0.34% STONE 10.68 ▼ 2.47% GLOBANT 31.65 ▲ 2.26% TECNOGLASS 43.25 ▼ 2.92% GAP AIRPORT 237.18 ▼ 6.78% ASUR 288.89 ▼ 6.47% OMA AIRPORT 107.17 ▼ 5.19% AMX ADR 26.14 ▼ 0.02% FEMSA ADR 129.40 ▼ 0.65% CEMEX ADR 12.11 ▼ 1.70% PETROBRAS ADR 16.66 ▲ 2.46% VALE ADR 14.69 ▼ 2.65% ITAU ADR 8.22 ▼ 0.84% SANTANDER BR 5.11 ▼ 3.40% AMBEV ADR 3.00 ▼ 2.28% CSN 0.93 ▼ 3.34% GERDAU 4.28 ▲ 1.18% LATAM ADR 56.73 ▼ 1.24% BTC 62,397 ▼ 1.42% ETH 1,742 ▼ 1.50% SOL 77.72 ▼ 3.63% XRP 1.09 ▼ 2.26% BNB 564.90 ▼ 2.06% ADA 0.17 ▼ 3.95% DOGE 0.07 ▼ 3.39% AVAX 6.38 ▼ 4.62% LINK 7.63 ▼ 2.88% DOT 0.83 ▼ 2.31% LTC 43.56 ▼ 0.77% BCH 236.08 ▼ 1.42% TRX 0.33 ▼ 0.76% XLM 0.18 ▼ 2.22% HBAR 0.07 ▼ 2.01% NEAR 1.90 ▼ 4.01% ATOM 1.55 ▼ 1.45% AAVE 88.30 ▼ 1.83% SELIC 14.25% NEOE3 33.80 — 0.00% EMBRAER 85.32 ▼ 1.12% EMBRAER ADR 65.97 ▼ 1.89% JBS 12.19 ▲ 0.49% JBS BDR 63.20 ▲ 1.94% MBRF3 15.73 ▼ 4.14% MBRFY 3.03 ▼ 5.31% INTER 5.59 ▼ 1.76% EGX 52,574 ▼ 0.82% USD/ZAR 16.30 ▲ 0.03% USD/NGN 1,370 — 0.00% NIKKEI 66,819 ▼ 2.11% CSI300 4,756 ▼ 0.77% HSI 24,209 ▲ 3.03% NIFTY 24,214 ▼ 0.76% KOSPI 7,247 ▼ 5.35% JCI 5,929 ▼ 0.96% USD/JPY 162.25 ▲ 0.09% USD/CNY 6.7959 ▲ 0.13% DAX 25,195 ▼ 1.06% CAC 8,363 ▼ 0.87% FTSE 10,593 ▼ 0.68% MIB 52,192 ▼ 0.50% IBEX 19,472 ▼ 0.86% STOXX 641.92 ▼ 0.68% EUR/USD 1.1429 ▲ 0.18% GBP/USD 1.3367 ▲ 0.10% SPX 7,504 ▼ 0.45% DJI 52,925 ▼ 0.25% NDX 29,173 ▼ 1.77% RUT 2,982 ▼ 0.90% TSX 35,273 ▲ 0.17% VIX 16.45 ▲ 1.98% USD/CAD 1.4161 ▼ 0.29% US10Y 4.5290 ▲ 1.12%
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Wednesday, July 8, 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)
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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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