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Jul 14, 2025 11:12 PM IST

US Stock Market LIVE Updates: Trump Piles Fresh Sanctions on Cuba’s Flailing Tourism Industry

Cuba’s crucial and struggling tourism industry was hit with more US sanctions, as President Donald Trump’s administration ratchets up pressure on the communist-run island and its top officials.

 

The State Department expanded its “restricted list” on Monday with the addition of 11 entities, including the Iberostar Selection La Habana, a new 42-story hotel in the capital. Known as Torre K, the hotel opened this year and is Cuba’s tallest building.

 

The designation effectively bans US citizens and companies from staying at or doing business with the hotel. The State Department argues that entities on the list, as well as an accompanying annex of prohibited accommodations, “are under the control of, or acting on behalf of, the Cuban military, intelligence or security services.”

 

Representatives for Iberostar, the Spanish hotel chain that operates Torre K, didn’t immediately return calls and emails seeking comment.



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