Cuba’s political system concentrates executive and party authority in the Communist Party of Cuba and National Assembly, with Miguel Díaz-Canel serving as both president and first secretary since 2021 as Raúl Castro’s designated successor. No verified internal challenges, legislative actions, health developments, or resignations have surfaced in recent months. Díaz-Canel has publicly affirmed he will not step down, and Cuban officials have rejected any linkage between ongoing U.S. diplomatic contacts and leadership change. U.S. sanctions and end-of-year pressure remain calibrated to longer timelines. With only twelve days remaining, the compressed window leaves insufficient scope for the institutional or external processes required to alter the presidency, producing the strong trader consensus reflected in current pricing.