India will begin purchasing oil from Venezuela to replace some of the petrol it purchases from Russia a month after President Trump threatened to increase the 50% tariffs the US has already imposed. The president signaled on Saturday that Delhi — the world’s third-biggest oil importer — would be open to renew business in Latin America after India stopped buying oil from Caracas last year due to US sanctions. The president’s openness to strike a deal with Delhi stands in stark contrast with the months of tension between the US and the world’s largest democracy — with Treasury Secretary Scott Bessent signaling a more amicable relationship last month and suggesting the tariffs on India maybe removed.
Author: Ronny Reyes
Published at: 2026-02-01 22:34:48
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