US announces Cuba oil sanction relief
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Market pricing makes December 31 the favorite at 12% across 3 tracked outcomes, as of .
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Rubio places additional sanctions on Cuba, targeting ‘illicit’ shipping network The Trump administration announced another wave of sanctions against Cuba Thursday, targeting 10 individuals and entities tied to the country’s government, military and oil industry. The State Department accused Cuba’s “ruling elite” in its announcement of “hoarding the island’s energy, shipping, and technology resources for its own enrichment, leaving the Cuban people to contend with…
What is this event about?
This market will resolve to “Yes” if Donald Trump or the United States federal government officially announces any reduction, suspension, removal, or similar relief for U.S. sanctions related to the sale or transport of oil, fuel or other petroleum products to Cuba between market creation and the specified date, 11:59 PM ET. Otherwise, this market will resolve to “No”.
A qualifying announcement must explicitly indicate that U.S. restrictions, sanctions, penalties, or threats of penalties related to oil or fuel trade with Cuba will be suspended, reduced, removed, or otherwise substantively relaxed.
An announcement that the United States will not impose tariffs on countries exporting oil to Cuba will qualify.
Only definitive announcements will qualify. Suggestions, negotiations, expressions of openness, or other non-definitive statements will not qualify.
Any qualifying announcement within this market’s time frame will count, regardless of whether or when the announced relief goes into effect.
The primary resolution source will be official information from Donald Trump and the US federal government; however, a consensus of credible reporting may also be used.