US, Mexico, Cuba sign ‘doughnut’ accord

The United States, Mexico and Cuba aim to sign an agreement determining territorial water limits before U.S. President-elect Donald Trump takes office on Jan. 20, diplomatic officials saidy.

The accord will cover the Eastern Gap of the Gulf of Mexico, an area believed to be rich in oil and gas deposits. The three countries' overlapping claims in the Eastern Gap had created what is known as a "Doughnut Hole".

Source: Reuters