India looks to Venezuela as Hormuz crisis disrupts oil supplies
With the Strait of Hormuz essentially blocked and Saudi supplies down by half, India is turning to Venezuela, which has become its third-largest crude supplier this month. Venezuelan shipments are up nearly 50% from April. The US is pushing this shift-Secretary Rubio says they want to sell India as much energy as it’ll buy, and Venezuela's acting president is visiting next week to discuss oil deals. It’s a geopolitical energy pivot, with Washington reshaping supply chains to reduce Iran’s leverage while pulling Venezuela’s oil back under US influence. India’s options are limited: mostly sanctioned Russian crude or heavy Venezuelan oil.
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