India urges US to allow crude buys from Iran and Venezuela amid Russian oil import cuts
India has proposed that the US allow crude purchases from sanctioned countries such as Iran and Venezuela if the Trump administration insists on cutting down imports of Russian crude.
The proposal was made during a bilateral meeting between US officials and a visiting team of Indian delegation. Indian representatives have emphasised that simultaneously cutting off supply from Russia, Iran and Venezuela — all major oil producers — could lead to a spike in global prices, people familiar with the negotiations told Bloomberg.
