India-Venezuela Oil Deal Claim Stirs Geopolitical Questions
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Washington, President Donald Trump said Saturday that India has agreed to buy Venezuelan oil, shifting purchases away from Iran, and invited China to do likewise. Trump told reporters aboard Air Force One that the United States accepted Venezuela's offer of 50 million barrels valued at about $5.2 billion. He repeated that a deal concept exists but New Delhi had not confirmed the arrangement. U.S. officials have discussed resuming Venezuelan oil sales to replace some Russian imports, citing efforts to cut energy revenue funding for Russia's war. Officials cited diplomatic consultations with partners. Based on 6 articles reviewed and supporting research.
Prepared by Lauren Mitchell and reviewed by editorial team.
Timeline of Events
- 2019: India reduced Iranian oil imports after U.S. sanctions were reimposed.
- March (prior year): U.S. imposed 25% tariffs on countries buying Venezuelan oil, including India.
- Late January (this week): Indian Prime Minister reportedly spoke by phone with Venezuela’s interim leader.
- 1 February 2026: President Trump said India had 'made a deal' to buy Venezuelan oil and invited China to participate.
- After 1 February 2026: No formal confirmation from New Delhi; Reuters and U.S. sources discussed resuming Venezuelan sales to replace some Russian imports.
- Articles Published:
- 6
- Right Leaning:
- 1
- Left Leaning:
- 0
- Neutral:
- 5
- Distribution:
- Left 0%, Center 83%, Right 17%
According to statements, Venezuela would receive oil sale revenue if shipments proceed; Trump said the United States accepted a Venezuelan offer of 50 million barrels valued at about $5.2 billion, which would generate funds for Caracas.
U.S. policy aim to redirect purchases away from Iran and reduce revenues to Russia could lower oil income for those suppliers, per U.S. statements linking Venezuelan sales to replacement of some Russian imports.
Coverage of Story:
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From Center
India-Venezuela Oil Deal Claim Stirs Geopolitical Questions
Asian News International (ANI) Deccan Chronicle Times of Oman NewsDrum Social News XYZFrom Right
'India Will Buy Oil From Venezuela, Not Iran': Trump's Big Claim Ahead Of Union Budget 2026
Republic World
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