Trump Claims India to Buy Venezuelan Oil, Ditching Iran; Deal 'Conceptually' Finalized

• Donald Trump announced India will buy oil from Venezuela instead of Iran, claiming a 'conceptual' deal is finalized.
• Trump stated China is welcome to join the oil deal, speaking to reporters on Air Force One.
• The US previously informed New Delhi about potential Venezuelan oil purchases to counter reduced Russian crude imports.
• Washington had imposed tariffs on countries, including India, for buying Venezuelan oil but changed its stance to impact Russia's oil revenues.
• America's top diplomat, Laura F. Dogu, arrived in Caracas, signaling steps to restore US-Venezuela relations and potentially reopen the embassy.

Why It Matters: Donald Trump claims India will shift from Iranian to Venezuelan oil, with a deal 'conceptually' finalized.