PRESIDENT TINUBU MOURNS FORMER SUPER EAGLES COACH ADEGBOYE ONIGBINDE. (PHOTO).
Cuba cancels annual cigar festival amid worsening energy crisis from U.S oil blockade
Cuba has suspended its annual cigar festival in Havana, originally scheduled for late February, citing a worsening economic crisis and energy shortages. The event, organized by Habanos S.A., was postponed “to preserve the highest standards of quality, excellence and experience” and a new date has yet to be announced. The festival typically draws over 1,000 visitors from around 80 countries, offering cigar auctions and tours of tobacco plantations.
The cancellation comes amid a severe fuel shortage caused by a U.S. oil blockade, which has cut Cuba off from Venezuelan oil supplies. The government has implemented rationing to protect essential services, while the United Nations has warned of a potential humanitarian crisis if oil needs remain unmet. Cuban cigars, a key export generating foreign currency, remain highly prized worldwide despite being banned in the U.S. Habanos S.A. reported record sales of $827 million in 2024, a 16% increase from the previous year, underscoring the economic importance of the industry even as the festival is put on hold.
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