US Ready to Allow India to Buy Venezuelan Oil Under Washington-Controlled Framework
World
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News18•10-01-2026, 08:35
US Ready to Allow India to Buy Venezuelan Oil Under Washington-Controlled Framework
- •White House official confirms readiness to allow India to purchase Venezuelan oil.
- •Finer details of the US-controlled framework are currently being worked out.
- •US Energy Secretary Christopher Wright previously stated openness to selling Venezuelan oil to 'almost all countries'.
- •This development follows the US military's capture of Venezuela and President Nicolas Maduro's transfer.
- •US President Donald Trump announced plans to refine and sell up to 50 million barrels of Venezuelan crude oil.
Why It Matters: US is open to India buying Venezuelan oil, but under a new Washington-controlled framework.
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