Archive · 2 Feb 2026
Trump Claims India to Buy Venezuelan Oil
President Trump said that India will start buying oil from Venezuela instead of Iran.
He also mentioned that China could make a deal to buy Venezuelan oil.
Trump wants to help Cuba by making a deal with them because they don't have much money or oil.
Venezuela used to send a lot of oil to Cuba, but that has decreased.
Mexico is now sending oil to Cuba, but they might stop because of possible problems with the US.
Trump also said there might be a deal about Cuba in the future.
He wants to make sure Cuba doesn't have a big problem with not having enough money or oil.
India says the US tariffs are not fair and that they buy oil based on what they need for energy.
Trump claims India will buy Venezuelan oil instead of Iranian oil, stating that the deal has already been made.
The US is encouraging India to purchase Venezuelan oil to reduce oil revenues funding Russia's war in Ukraine.
Trump invites China to make a deal to buy Venezuelan oil, stating that China is welcome to participate.
Trump discusses potential deals with Cuba to address its economic situation, mentioning that Cuba has no money or oil.
India maintains that its oil purchases are guided by energy security needs and considers US tariffs unjustified.
- Who
- US President Donald Trump, India, Venezuela, Iran, China, Cuba, Mexico
- What
- Trump claims India will buy Venezuelan oil instead of Iranian oil, and discusses potential deals with China and Cuba regarding oil.
- When
- January 31, 2023
- Where
- Aboard Air Force One, en route to Florida from Washington, D.C.
- Why
- To reduce oil revenue funding Russia's war in Ukraine and to address Cuba's economic situation.
India's Stance
US Stance
Oil Purchases
India's Stance
India maintains that its oil purchases are guided by energy security needs and considers US tariffs unjustified.
US Stance
The US claims that India stopped buying Russian oil after punitive tariffs were imposed and encourages India to buy Venezuelan oil instead.
- Countries Involved
- India, Venezuela, Iran, China, Cuba, Mexico, United States
- Oil Suppliers
- Venezuela, Iran, Mexico
- Oil Demand
- India, China, Cuba
- US Tariffs
- 25% on countries buying Venezuelan oil
- Venezuela's Oil Supply to Cuba
- One-third of Cuba's daily needs in 2025
- US Blockade
- On Venezuelan oil shipments
- Mexico's Oil Supply to Cuba
- Top supplier after Venezuela cut off shipments
- US Tariffs on Indian Goods
- 50% combined rate, including 25% for buying Russian oil
Sources
Trump claims India will buy oil from Venezuela, not from Iran
US may make a deal on Cuba, Trump says
"India Will Buy Venezuelan Oil Instead Of Iran": Trump Makes Big Claim
‘Deal already made. India ready to buy Venezuelan oil’: Trump invites China as well
India-Venezuela Oil Deal ‘Already Done’, Trump Claims Shift Away From Iranian Crude
Russian oil out? Trump claims India ready to buy seized Venezuelan oil from US
Trump continues to give us...: Cong's dig at Modi govt
US President Donald Trump says US could strike deal with Cuba amid oil shortage
Trump says India will buy oil from Venezuela instead of Iran
Congress takes a swipe at Govt after Donald Trump's ‘India to buy Venezuelan oil’ remark
'Trump continues to give us information', Congress questions Modi govt on oil deal - Telegraph India
US Prez Trump claims India will buy Venezuelan oil instead of Iranian crude
'We'll Make A Deal': Trump Says Failure Will Show If Iran's 'Regional War' Warning Was Right
"Of Course He Will Say That": Trump On Khamenei's 'Regional War' Threat
