4 briefings

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01

US sanctions on Iraq-, Cuba- and Iran-linked financial entities remain in force

U.S. designations announced on October 15 continue to restrict named financial entities in Iraq, Cuba and Iran, extending Operation Economic Outcast and increasing compliance risks for institutions handling certain transactions.

02

US expands sanctions on Iranian financial channels through Iraqi and Cuban banks

The United States has imposed new sanctions on an Iraqi bank, Iranian offshore financial actors and a Cuban bank, extending restrictions on networks Washington says help Iran access international financial channels.

03

Cuba said U.S. talks had stalled as embargo diplomacy and limited bilateral channels remained in place

Cuba said on July 1 that talks with the United States were showing no progress, with the broader relationship still constrained by the embargo framework, limited humanitarian carve-outs and only partly restored consular services.

04

US expanded Cuba sanctions and designated CUPET as Havana said bilateral talks had shown no progress

As of 1 July, the operative change was the United States' May-June 2026 expansion of Cuba sanctions, including the 11 June designation of state oil company CUPET, after which Cuba said on 30 June that bilateral talks had shown no progress.