Trump says India will buy oil from Venezuela instead of Iran

[El Sidd]

Impressive vulturesque policymaking by Indians and India.

 

[Hakwa Nadro]

India must have got a deal on the oil. INDIA is India first. No defiance needed when it is not warranted. India US will have a greatest deal of the world after the oil supply switch as it provides some face saving to Trump. Russia and Ukraine will be sorted out too. Pakistanis always jump the gun for temporary win without seeing the bigger picture. Later they find themselves as buffoons in the end. Tch. Tch.

it looks like indians are the only bafoons around. by just saying "india will buy from venezuela instead of iran" trump has insinuated that he controls indian foreign policy and instead of going after trump and holding him to account for making such a bold claim indians are trying to drag Pakistan into this matter to save their face.

 

[c14-Isotope]

Donald Trump cannot state even one full sentence without factual inaccuracy, India never bought Iranian oil after sanctions were imposed on Iran.
Also, India used to buy Venezuelan heavy crude even before but stopped, because because... again US sanctions. He needs to sell the oil to feed Venezuelans, so offering it to India is an obvious choice.

 

[sentry]

India has always said to reduce Russian oil dependence, lift sanctions on Venezuelan oil. Trump did just that. India would now getting discounted oil.

https://www.reuters.com/business/energy/us-pitches-venezuelan-crude-india-its-russian-oil-imports-slow-sources-say-2026-01-30/

India's Reliance had been buying Venezuelan oil till as early as May

https://www.reuters.com/business/energy/indias-reliance-stop-buying-venezuelan-oil-over-us-tariffs-sources-say-2025-03-26/

 

[Baibers_1260]

India's energy import bill is projected to increase by
$9 billion to $12 billion annuallyif the country significantly reduces or halts discounted Russian oil imports. Shifting back to costlier Middle Eastern suppliers (Iraq, Saudi Arabia) could spike the FY26 bill by $9 billion and up to $11.7 billion in FY27, according to 2025 estimates

India's fuel bill may rise by $9 bn in FY26 and $12 bn in FY27, if it stops Russian oil imports: SBI

India's oil import costs may rise if Russian oil purchases cease. A State Bank of India report suggests a potential increase of USD 9-12 billion. Russia currently supplies 10% of global crude. India has significantly increased Russian oil imports since 2022. This shift followed Western sanctions...

economictimes.indiatimes.com

 

[Baibers_1260]

Donald Trump cannot state even one full sentence without factual inaccuracy, India never bought Iranian oil after sanctions were imposed on Iran.
Also, India used to buy Venezuelan heavy crude even before but stopped, because because... again US sanctions. He needs to sell the oil to feed Venezuelans, so offering it to India is an obvious choice.

Is stock market in India plunging because higher energy costs ( Example: Venezuelan oil purchased in dollars ) is expected?

Sensex plunges 1800 points, Nifty at 24825: Budget 2026 STT hike triggers market meltdown

India's market reacts to strong Q3 earnings from Sun Pharma and robust EV sales from Tata Motors ahead of the Union Budget 2026-27. Discover key insights.

english.mathrubhumi.com

 

[c14-Isotope]

India's energy import bill is projected to increase by
$9 billion to $12 billion annuallyif the country significantly reduces or halts discounted Russian oil imports. Shifting back to costlier Middle Eastern suppliers (Iraq, Saudi Arabia) could spike the FY26 bill by $9 billion and up to $11.7 billion in FY27, according to 2025 estimates

India's fuel bill may rise by $9 bn in FY26 and $12 bn in FY27, if it stops Russian oil imports: SBI

India's oil import costs may rise if Russian oil purchases cease. A State Bank of India report suggests a potential increase of USD 9-12 billion. Russia currently supplies 10% of global crude. India has significantly increased Russian oil imports since 2022. This shift followed Western sanctions...

economictimes.indiatimes.com

Oil is a fungible commodity. The rise in the import bill depends on the rise in the price of crude oil in the open market.

For some countries, like ours, it will lead to an increase in the import bill; for other countries, like yours, it will lead to bankruptcy and more IMF loans.
So, be careful what you wish for.

 

[chinasun]

Venezuela oil fetching 30% higher price, U.S. energy chief says, after first sale worth $500 million


"Buying Venezuelan oil through the United States is not cheap for India. The U.S. charges a 30% handling fee."

 

[c14-Isotope]

Is stock market in India plunging because higher energy costs ( Example: Venezuelan oil purchased in dollars ) is expected?

Sensex plunges 1800 points, Nifty at 24825: Budget 2026 STT hike triggers market meltdown

India's market reacts to strong Q3 earnings from Sun Pharma and robust EV sales from Tata Motors ahead of the Union Budget 2026-27. Discover key insights.

english.mathrubhumi.com

No, there's no relation

 

[Baibers_1260]

Oil is a fungible commodity. The rise in the import bill depends on the rise in the price of crude oil in the open market.

For some countries, like ours, it will lead to an increase in the import bill; for other countries, like yours, it will lead to bankruptcy and more IMF loans.
So, be careful what you wish for.

We will eat grass. It is the $4 trillion economy that should worry .

India’s LNG roadmap could lead to billions more in stranded assets - Gas Outlook

Despite Indian PM Modi's gas pledge back in 2017, his government is still pursuing a pro-gas agenda, which could result in stranded assets.

gasoutlook.com

 

[Baibers_1260]

No, there's no relation

So why has it plunged?
What's the price of an LNG cylinder now as compared to before the budget?
Could the high tar crude oil from Venezuela be gasified ( like coal ) to be compressed into gas cylinders for the Indian kitchens?

 

[c14-Isotope]

So why has it plunged?
What's the price of an LNG cylinder now as compared to before the budget?
Could the high tar crude oil from Venezuela be gasified ( like coal ) to be compressed into gas cylinders for the Indian kitchens?

What the hell are you spewing lil bro

 

[Baibers_1260]

Oil is a fungible commodity. The rise in the import bill depends on the rise in the price of crude oil in the open market.

For some countries, like ours, it will lead to an increase in the import bill; for other countries, like yours, it will lead to bankruptcy and more IMF loans.
So, be careful what you wish for.

So will the Venezuelan oil be purchased in INR or USD ? What happened to the BRICS currency to replace the USD ?
India is now holding the Presidency of BRICS. Will it launch the BRICS currency to buy oil from Venezuela?

 

[Pradotlc]

@Pakistan Space Agency

PSA sb,

So cheap VEN oil for IND, no cheap oil for PAK?

Regards

Trump has shown the world what india truly is ... a big peon..

 

[Pradotlc]

But Trump not long ago saying India will buy oil from Pakistan. What happened to that churan Muneer and his PMLN tattoo regime sold to Trump?

Trump realised he was dealing with Mr 420