US Greenlights India's Venezuelan Oil Purchase Under Washington's Control

• The White House indicates readiness to allow India to buy Venezuelan oil under a new US-controlled framework.
• A senior Trump administration official confirmed the affirmative, with operational details still being finalized.
• US Energy Secretary Christopher Wright stated Washington would be open to selling Venezuelan oil to 'almost all countries' under a tightly controlled structure.
• The US plans to market 30-50 million barrels of Venezuelan oil currently in storage, with continued sales from future production.
• India was a major buyer of Venezuelan crude before US sanctions, and renewed access could help diversify its energy supplies.

Why It Matters: US allows India to buy Venezuelan oil, but Washington will control sales and revenues, reshaping global oil trade.