U.S. President Donald Trump has claimed that India has signed an agreement to purchase oil from Venezuela instead of Iran. Speaking to reporters aboard Air Force One on Saturday, Trump said the deal had already been made. However, there was no immediate response from New Delhi regarding the claim, according to NDTV.
Trump had earlier imposed a 25 percent tariff in March 2025 on countries, including India, that buy Venezuelan oil, and also introduced additional tariffs on Indian imports of Russian oil. He further asserted that U.S. forces took control of Venezuelan oil after the January 3 abduction of Venezuelan President Nicolás Maduro and his wife by the U.S. Delta Force. Bloomberg reported that in January, 18 tankers carrying Venezuelan crude were sent to refineries in Texas, Louisiana, and Mississippi, marking the highest volume since December 2024.
Following the alleged abduction, Venezuelan oil exports to China dropped from 400,000 barrels per day to zero, while shipments to the U.S. rose to about 275,000 barrels daily, double the previous month’s level.
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