Cuba Opens Oil, Gas, Pharmacies, and Ports to Private Sector in Historic Economic Shift
In a landmark move on July 29, 2026, Cuba announced 176 economic reforms allowing private businesses and foreign capital to operate in previously state-controlled sectors like oil extraction, gas stations, pharmacies, and ports. The island seeks to revive a crisis-stricken economy amid a tightening U.S. embargo and severe shortages.
