US-Cuba relations remain strained under the second Trump administration, with a January 2026 executive order declaring a national emergency and authorizing tariffs on third countries supplying oil to Cuba. This has intensified the long-standing trade embargo, contributed to severe fuel shortages and economic crisis on the island, and reduced prospects for expanded commercial ties. No official announcements or policy shifts easing restrictions on US brands have occurred through mid-2026. Traders therefore assign "No" a 58.5% implied probability, reflecting the continued barriers to market entry for companies like McDonald’s absent major diplomatic or legislative changes.