sector

Feb. 26 (UPI) — The U.S. Office of Foreign Assets Control said it will allow certain operations to resell Venezuelan-origin oil destined for Cuba, provided the fuel is used by citizens and private companies on the island.

The island nation relied for years on Venezuela for fuel, but shipments stopped after the United States captured Nicolás Maduro on Jan. 3 and took control of Caracas’ energy industry.

After the operation, President Donald Trump repeatedly warned that Cuba was on the brink of economic collapse, and he threatened to impose further economic pressure on the country to reach an agreement with the United States. Trump has not publicly defined what kind of agreement he seeks.

The trade measure, published Wednesday, says that the transactions must comply with the conditions of General License 46A for Venezuela. This license is an authorization issued by foreign assets office that allows companies to conduct operations involving Venezuelan oil under specific terms, despite the sanctions in place against that country’s energy sector.

Companies that seek authorization will not need to have an entity established in the United States, and the usual Cuba-related restrictions set out in that license will not apply.

The Treasury Department specified that the policy will cover only exports for commercial or humanitarian purposes that benefit Cuba’s private sector.

Operations involving the Cuban armed forces, intelligence services or other government entities will not be permitted, including those listed on the U.S. Department of State’s Cuba Restricted List.

The Treasury Department recalled that the Commerce Department primarily regulates the export or re-export of U.S.-origin oil to Cuba.

Under the Support for the Cuban People License Exception, certain exports of gas and other petroleum products intended to improve living conditions and support independent economic activity in Cuba do not require separate authorization from foreign assets office provided the applicable terms are met.

The agency referred to its Frequently Asked Question 1226 for the definition of “Venezuelan-origin oil,” which includes petroleum products.

Preliminary data from the Energy Information Administration show that Venezuela exported 339,000 barrels per day of crude to the United States in the third week of February.

At the same time, regional fuel supply to Cuba has been limited. On Jan. 29, the Trump administration declared a national emergency with respect to Cuba, creating a new mechanism to impose tariffs on imports from any country that provides oil to Havana.

On Feb. 17, Mexican President Claudia Sheinbaum said her government would not send fuel to Cuba “for now” amid the current situation and potential U.S. trade measures.

Cuba faces fuel shortages that have affected electricity supply, transportation and other basic services, and it relies heavily on oil imports.

Separately, the Russian Embassy in Havana confirmed two weeks ago that Russia will send crude oil and refined products to Cuba as humanitarian assistance.

Russia is sending the oil directly, not through intermediaries, and the shipments are considered to be aid, not commercial sales.

Main target was the energy sector, but residential buildings and a railway were also damaged, Ukrainian President Volodymyr Zelenskyy says.

Russia has launched dozens of missiles and hundreds of drones at Ukraine, killing at least one person, according to Ukrainian officials.

The most powerful attacks were reported in the regions of Kyiv, Odesa and Kharkiv, the officials said on Sunday.

Ukraine’s air force said Moscow launched 50 ballistic and cruise missiles and 297 drones overnight, the majority of which were intercepted.

“Moscow continues to invest in strikes more than in diplomacy,” Ukrainian President Volodymyr Zelenskyy said, adding that this past week alone, Russia launched more than 1,300 drones, ‌more than 1,400 guided aerial bombs and 96 missiles against Ukraine.

The president added that Sunday’s attacks targeted the Dnipro, Kirovohrad, Mykolaiv, Poltava and Sumy regions.

The main target of the attack was the energy sector, but residential buildings and a railway were also damaged, he noted.

In a separate incident in the western city of Lviv, which has been largely spared the worst of the conflict, a policewoman was killed and 25 people were injured in the detonation of explosive devices inside a shop on a central shopping street.

Hours later, law enforcement said it had arrested a Ukrainian woman suspected of carrying out the bombing, without providing any further details and saying an investigation was ongoing.

Kyiv attack

Mykola Kalashnyk, head of Kyiv’s military administration, said on Telegram that Russian forces targeted five districts in the Kyiv region, injuring at least 15 people, including four children, and killing one person.

Russian attacks were also reported in the eastern region of Kharkiv, where Governor Oleh Syniehubov said at least 12 settlements were targeted and six people injured.

In southern Ukraine, fires broke out in the region of Odesa as Russian drones struck energy infrastructure, according to Governor Oleh Kiper.

“Fortunately, there were no deaths or injuries. An assessment of the state of energy facilities and elimination of the consequences is ongoing,” Kiper wrote on Telegram.

Attacks on Ukraine’s energy facilities have become a near-daily occurrence in winter during Russia’s war in Ukraine, which started almost four years ago when Russian President Vladimir Putin ordered a full-scale invasion of the neighbouring country.

These attacks deprive millions of Ukrainians of heat, power and running water as temperatures have dropped below minus 10 degrees Celsius (14 degrees Fahrenheit), causing thick ice to cover roads and the Dnipro, Europe’s fifth largest river.

Last week, Russia unleashed a barrage of nearly 400 drones and 29 missiles on Ukraine’s energy infrastructure on the first day of two days of peace negotiations in Geneva, its second large-scale blow in six days.

On February 12, another attack had left 100,000 families without electricity and 3,500 apartment buildings without heat in Kyiv alone.

Sunday’s attacks come as the United States is trying to reach a ceasefire between Kyiv and Moscow.

But these efforts – including the talks in Geneva last week and two earlier sessions in the United Arab Emirates – have failed to reach any breakthrough.

A core sticking point is territory. Russia wants Ukraine to pull out from the remaining 20 percent of its eastern region of Donetsk that the Kremlin’s forces have failed to capture – something firmly rejected by Kyiv.

Ukraine does not want to make territorial concessions and is demanding clear security guarantees that it will not be attacked by Russia again if a ceasefire is reached.

Saudi Arabia has launched a project to issue passports for camels, in a move seen as a “qualitative step” to regulate the sector and strengthen the kingdom’s credibility in local and international markets, the government said on Wednesday, Anadolu reports.

A statement by the Saudi Ministry of Environment, Water and Agriculture said Deputy Minister Mansour bin Hilal Al-Mushaiti inaugurated the camel passport project Tuesday evening.

The initiative is designed to organize the camel sector, document identity and improve service efficiency while enhancing market trust domestically and internationally, the ministry said.

The project seeks to record camels’ data, ownership and breeds and link them to verified health and regulatory information, making the passport an officially recognized reference that supports more efficient services, the statement added.

READ: Saudi minister denies claims of refusal to receive UAE’s deputy ruler

The camel passport serves as a comprehensive identification document, containing a microchip number, passport number, the camel’s name, date of birth, breed, sex, color, place of birth, and date and place of issuance, as well as photographs of the animal from both sides to ensure accurate identification, the ministry said.

It also includes a dedicated vaccination table that clearly documents veterinary immunization records, certified by the name, signature and stamp of the veterinarian, according to the statement.

The ministry said the passport will help regulate sales and trading by tightening controls over camel sales, transport and official documentation.

In a census released in June 2025, the ministry said the total number of camels in the kingdom reached 2,235,297 heads.

Saudi Arabia ranks among the world’s top camel-owning countries, with an estimated 80,000 owners, according to unofficial figures.

READ: Saudi Arabia: Citizens can invite Muslim friends abroad for Umrah on new visa

A record fiscal quarter for Walt Disney Co.’s theme parks division was dampened slightly by a streaming aquisition and a protracted fight with YouTube, the Burbank media and entertainment giant reported Monday.

Disney recorded overall revenue of about $26 billion in the three-month period that ended Dec. 27, up 5% compared to the previous year. Disney’s income before income taxes totaled nearly $3.7 billion, a 1% jump from the same time period last year. Earnings per share were $1.34 for the quarter, down from $1.40.

Disney Chief Executive Bob Iger said in a statement that he was “pleased” with the company’s start to the fiscal year and nodded at the transition ahead to a new CEO.

“As we continue to manage our company for the future, I am incredibly proud of all that we’ve accomplished over the past three years,” he said.

It was a big quarter for Disney’s experiences division, which includes its theme parks, cruise line and Aulani resort and spa in Hawaii.

The sector reported $10 billion in revenue, aided by a 1% bump in attendance at its domestic theme parks and higher guest spending. The launch of the new Disney Destiny cruise ship in November also helped boost operating income to $3.3 billion, a 6% boost compared to the previous year.

Disney’s box office success with billion-dollar hits like “Zootopia 2” and “Avatar: Fire and Ash” helped propel revenue for its entertainment division by 7% to $11.6 billion. But costs related to its acquisition of a majority stake in FuboTV, as well as higher marketing costs in theatrical distribution and streaming services affected the sector’s operating income, which declined 35% to $1.1 billion.

The dip in operating income from the entertainment sector took a toll on the company’s total segment operating income, which was down 9% to $4.6 billion. That was also partly due to Disney’s contract dispute last fall with YouTube TV, which lasted for nearly 15 days and resulted in a blackout of Disney channels.

The temporary suspension of Disney channels on YouTube TV took a $110 million toll on operating income within Disney’s sports division, which was down 23% to $191 million. Sports revenue for the quarter totaled $4.9 billion, up 1% compared to the previous year.