U.S. Sanctions Threaten Cuba's Tourism Industry Amid Economic Strain
The United States has issued an executive order threatening to freeze the assets of foreign companies doing business with Cuba, set to take effect on June 5, 2026. This move targets multinational corporations and individuals supporting the Cuban government, particularly in sectors like energy, defense, and tourism. As a result, major hotel chains such as Iberostar and Meliá have announced plans to sever ties with Cuba, significantly impacting the island's tourism industry, which is a vital source of foreign currency.