In a significant move to diversify its energy basket, India is set to receive approximately 12 million barrels of Venezuelan crude oil this month. The influx marks a six-year high for imports from the South American nation, as Indian refiners pivot to stabilize supply lines amid heightened volatility in the Middle East and the ongoing conflict involving Iran and the Strait of Hormuz.
The capture of Venezuelan President NicolásMaduro by the United States has disrupted Venezuela’s socialist leadership and raised questions about whether Vice President Delcy Rodríguez can assume control without calling new elections. There is also an added confusion over who is in control of the state after US Secretary of State Marco Rubio suggested that the US will not govern Venezuela, but will simply maintain the existing oil embargo.
