Washington/New Delhi, Jan. 1 -- : Indian private refiners are bracing for renewed supply chain disruptions following the US Treasury Department's announcement on Wednesday of fresh sanctions targeting four shipping entities and four oil tankers linked to the "shadow fleet" of Nicolas Maduro's regime in Venezuela.
The move, part of a "maximum pressure" campaign by the Trump administration, aims to choke off the financial lifelines of the Venezuelan government. However, for India-the world's third-largest oil consumer-the decision risks further complicating an already delicate energy security landscape.
The sanctions target vessels allegedly used to bypass international restrictions to transport Venezuelan heavy crude. While India has signi...