Trump Claims India to Buy Venezuelan Oil, Ditching Iran; Deal 'Conceptually' Finalized
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News18•01-02-2026, 11:02
Trump Claims India to Buy Venezuelan Oil, Ditching Iran; Deal 'Conceptually' Finalized
- •Donald Trump announced India will buy oil from Venezuela instead of Iran, claiming a 'conceptual' deal is finalized.
- •Trump stated China is welcome to join the oil deal, speaking to reporters on Air Force One.
- •The US previously informed New Delhi about potential Venezuelan oil purchases to counter reduced Russian crude imports.
- •Washington had imposed tariffs on countries, including India, for buying Venezuelan oil but changed its stance to impact Russia's oil revenues.
- •America's top diplomat, Laura F. Dogu, arrived in Caracas, signaling steps to restore US-Venezuela relations and potentially reopen the embassy.
Why It Matters: Donald Trump claims India will shift from Iranian to Venezuelan oil, with a deal 'conceptually' finalized.
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