India will begin purchasing oil from Venezuela to replace some of the petrol it purchases from Russia a month after President Trump threatened to increase the 50% tariffs the US has already imposed.
The president signaled on Saturday that Delhi — the world’s third-biggest oil importer — would be open to renew business in Latin America after India stopped buying oil from Caracas last year due to US sanctions.
“We’ve already made that deal, the concept of the deal,” Trump told reporters.
Trending: Comedian’s Sold-Out Minnesota Shows Canceled… Because He Made a Joke
President Trump said he was working on a deal for India to restart oil purchases from Venezuela. AP
The president did not elaborate further on what an oil deal between the US, Venezuela and India would entail.
While the president initially
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!