US action against Venezuela has put crude oil markets on alert, with potential ripple effects for India’s economy.
Business
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News1804-01-2026, 16:14

US Captures Maduro: Venezuela Crisis Rocks Oil Markets, India Unfazed by Geopolitical Turmoil

  • US military captured Venezuelan President Nicolas Maduro and wife Cilia Flores in Caracas, indicted for drug trafficking.
  • Maduro is now in Metropolitan Detention Center, Brooklyn; Delcy Rodriguez named acting president.
  • Geopolitical turmoil raises concerns about crude oil price spikes, with experts predicting a "gap-up opening."
  • GTRI states India is unlikely to be materially affected due to reduced trade and existing US sanctions since 2019.
  • India's imports from Venezuela plummeted 81.3% in 2024-25; India could benefit if sanctions ease.

Why It Matters: US-Venezuela conflict escalates, impacting global oil prices, but India's economy remains largely unaffected.

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