Trump's Venezuela Oil Move: India's Gains, Risks, and Diplomatic Tightrope

• US announces takeover of Venezuela's oil sector, targeting Maduro and citing drugs, corruption, and authoritarian rule.
• India's direct economic exposure to Venezuela is limited due to past US sanctions, minimizing immediate impact.
• Potential upsides for India include recovering nearly $1 billion in frozen dues for ONGC Videsh Ltd and reviving oil production.
• Renewed Venezuelan oil could offer India a strategic alternative, diversifying heavy crude sources beyond the Middle East.
• India faces a diplomatic challenge, balancing potential commercial gains with its stance on sovereignty and non-intervention.

Why It Matters: India navigates Venezuela's oil crisis, balancing potential gains with diplomatic principles.