US Greenlights Venezuelan Oil for India: A Strategic Win Amidst Tariff Warnings

• US indicates support for India purchasing Venezuelan oil under a new US-controlled framework.
• Venezuelan oil sales proceeds will go into US-controlled accounts for the benefit of the Venezuelan people.
• This move offers India a cheaper, more suitable heavy crude oil source, reducing refining costs.
• India can diversify its energy imports, lessening dependence on Russian oil amidst Western pressure.
• The decision is a significant diplomatic and market positive for India's energy security.

Why It Matters: US approval for Venezuelan oil imports offers India a strategic energy diversification and cost-saving opportunity.