Trump says India will buy oil from Venezuela, not Iran
US President Donald Trump speaks in the Oval Office, at the White House in Washington, D.C., on Jan 30.
PHOTO: Reuters
PUBLISHED ONFebruary 01, 2026 3:55 AM
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US President Donald Trump on Saturday (Jan31) said India will buy Venezuelan oil, as opposed to purchasing oil from Iran.
"We've already made that deal, the concept of the deal," Trump told reporters while on Air Force One, en route to Florida from Washington, D.C.
Trump's comment came a day after the US told Delhi it could soon resume purchases of Venezuelan oil to help replace imports of Russian oil, three people familiar with the matter told Reuters.
The US effort to supply Venezuelan crude to India comes as Washington seeks to reduce the oil revenue that is funding Russia in its war in Ukraine.
Trump imposed 25 per cent tariffs on countries buying Venezuelan oil, including India, in March last year.
Trump also said on Saturday that China was also welcome to make a deal with the US to buy Venezuelan oil.
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