Archive · 2 Feb 2026
Trump Claims India to Buy Venezuelan Oil
President Donald Trump said that India will start buying oil from Venezuela instead of Iran.
He mentioned this while talking to reporters on a plane.
Trump also said that China is welcome to make a deal to buy oil from Venezuela.
Earlier, the US had accepted a deal to buy 50 million barrels of oil from Venezuela.
The US has been trying to reduce the amount of money Russia is making from selling oil.
India used to buy a lot of oil from Iran, but now it seems they will buy from Venezuela.
The US has also made its first sale of Venezuelan oil worth $500 million.
The Indian government has not yet responded to Trump's comments.
Trump claims India will buy Venezuelan oil instead of Iran.
China is welcome to make a deal to buy Venezuelan oil.
US accepted a deal to buy 50 million barrels of oil from Venezuela worth $5.2 billion.
US has made its first sale of Venezuelan oil valued at $500 million.
Indian government has not yet responded to Trump's comments.
- Who
- Donald Trump, Indian Government, Venezuelan Interim Government
- What
- Trump claims India will buy Venezuelan oil instead of Iran
- When
- Trump made the comments on Saturday
- Where
- On board Air Force One, en route to Florida from Washington, DC
- Why
- To reduce oil revenue funding Russia's war in Ukraine and reshape energy flows
- Key Figures
- Donald Trump, Indian Government, Venezuelan Interim Government
- Oil Deal
- India to buy Venezuelan oil instead of Iran
- China's Role
- China welcome to make a deal on oil
- US-Venezuela Oil Deal
- US accepted 50 million barrels of oil worth $5.2 billion
- US-Iran Oil Tariffs
- US imposed 25% tariffs on countries buying Venezuelan oil, including India, in March 2023
- Iran's Oil Exports
- Iran ranks third in global oil reserves and second in natural gas
- US-Venezuela Relationship
- US has a great relationship with Venezuelan interim government
- US Oil Sales
- US made its first sale of Venezuelan oil valued at $500 million
Sources
India will buy Venezuelan oil instead of Iran: Trump
Donald Trump says India will buy oil from Venezuela, not Iran
Trump Says India has Made Deal to Buy Venezuelan Oil
Donald Trump says India will buy oil from Venezuela, not Iran - Telegraph India
India to buy Venezuelan oil, claims Trump
US President Donald Trump Claims India To Buy Venezuelan Oil, Signals Shift From Iran Amid Wider Talks On Global Energy Politics; Video
