India Explores Venezuelan Oil Alternatives Amid Rising US Pressure on Russian and Iranian Crude

Facing potential steep tariffs on Russian imports and secondary sanctions threats against Iranian suppliers, New Delhi is evaluating alternative crude sources to maintain energy security and meet domestic demand.

25 Aug, 10:58 — 25 Aug, 10:58

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Times of IndiaMostly Factual7d ago

Crude awakening: As Russia, Iran face Trump heat, can Venezuela fill India’s oil gap?

What happens when the world stops buying Iran oil due to the threat of secondary sanctions? Where will India procure crude from if it faces tariffs of up to 100% for its Russian crude oil imports? The Middle East crisis has pushed Russia’s share in India’s crude oil basket to over 50%.

By SMRITI JAIN

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India Explores Venezuelan Oil Alternatives Amid Rising US Pressure on Russian and Iranian Crude

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Crude awakening: As Russia, Iran face Trump heat, can Venezuela fill India’s oil gap?

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