The Trump administration’s military strike in January against Cuba’s former ally Venezuela cut off a crucial supply of oil to the island. It was soon followed by a US-ordered oil blockade on the island,

Cuba's government on Friday announced a broad package of economic reforms aimed at restructuring key aspects of the country's economic model.

The Cuban Communist Party approved a package of reforms aimed at opening up more sectors to private investment as the US continues to pressure the island.

Observers are calling Cuba’s new free-market reforms the most sweeping economic overhaul on the island’s communist economy since the Cuban revolution while the grandson of former President Raúl Castro says in an interview that Cuba must seek to move its economy forward.

Cuba's parliament approved a package of 174 economic reforms in just one week, marking the most significant shift in government policy in 15 years.

Cuba is suffering from major blackouts, running out of critical medicines, and starved for fuel as the U.S. continues to impose a blockade against the island nation.

The U.S. government has slapped additional sanctions on Cuban companies that are expected to spook foreign investors and deepen a severe economic crisis. U.S.

Cuba is heading toward an irreversible demographic contraction and could end the century with just 5.6 million residents, a U.N. report says.

Speaking at the iconic Versailles Restaurant in Little Havana, Congresswoman Maria Elvira Salazar dismissed the reforms as a last-ditch effort by Cuba's​ communist leadership to attract international financial support amid growing economic pressures.

Cuba's economy needs "urgent changes" to overcome a major crisis intensified by a US oil blockade, President Miguel Diaz-Canel said in a speech to Communist Party leaders broadcast on Thursday. The oil blockade imposed by President Donald Trump in January has brought Cuba's already moribund economy to the brink of collapse,