Afghanistan, Feb. 1 -- US President Donald Trump announced Saturday that India will purchase oil from Venezuela instead of Iran as part of a framework agreement between the countries.
Trump told reporters on January 31 that the outline of this deal has been established, signaling a shift in India's oil import strategy under US pressure.
Reuters reported Friday that Washington informed New Delhi it may soon allow resumption of Venezuelan oil purchases to replace some Russian crude imports into India.
India is the world's third-largest oil consumer and importer, heavily dependent on foreign crude to fuel its growing economy. Since Western sanctions made Russian oil available at significant discounts following the 2022 Ukraine invasion, Ind...