Washington offers Caracas-sourced crude to India to offset reduced Russian shipments and ease tariff-related market pressures, according to Reuters.
The United States has offered Venezuela-sourced crude oil to India as an alternative to Russian imports, according to a Reuters report. This move comes amid falling Russian oil shipments to India and the strain of tariff-related pressures on energy trade. Washington’s offer aims to provide New Delhi with a stable supply source while countering the geopolitical and economic challenges posed by reduced Russian availability.