Trump: India to Buy Venezuelan Oil, Shifts from Iran; India Yet to Confirm
America
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News18•01-02-2026, 11:09
Trump: India to Buy Venezuelan Oil, Shifts from Iran; India Yet to Confirm
- •US President Donald Trump announced India will buy oil from Venezuela instead of Iran, citing a conceptual agreement.
- •Trump's statement suggests a shift in global energy trade, with the US pressuring countries to change oil sources.
- •The Indian government has not yet confirmed or issued any statement regarding this announcement.
- •The US previously imposed tariffs on countries buying Venezuelan oil but is now changing its stance to reduce Russia's oil revenue.
- •The US is working to restore diplomatic ties with Venezuela, aiming to control and profit from its oil industry.
Why It Matters: Donald Trump announced India will buy Venezuelan oil, but India has not confirmed any change in its oil procurement.
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