Cuba announced this week that it has exhausted its oil reserves, marking a critical escalation of the island nation's ongoing energy crisis. Government officials confirmed the depletion of reserves, bringing the long-running energy shortage to what they described as a breaking point.

Separately, U.S. officials indicated potential Chinese energy purchases could emerge following recent discussions between President Trump and Chinese President Xi Jinping. The prospect of renewed energy trade between the two nations comes amid broader trade negotiations.

In Venezuela, the United States confirmed it has successfully removed enriched uranium from a shuttered nuclear reactor facility. U.S. officials completed the operation as part of ongoing nuclear security efforts in the region.

Meanwhile, lawmakers warned President Trump against pursuing automotive trade deals with China, noting that Chinese-manufactured parts are already integrated into vehicles sold in the U.S. market. The warnings come as trade discussions continue between the two countries.

In commodities markets, soybean futures declined as traders noted the absence of new export agreements emerging from recent U.S.-China summit discussions. Agricultural markets had been monitoring the talks for potential trade developments.

Across Asia's emerging markets, ongoing energy shortages are beginning to pressure local currencies, with energy import costs straining foreign exchange reserves in several developing economies.