US negotiating with India on Venezuela regarding oil imports

The United States is in "active negotiation" over the sale of Venezuelan oil to India, to help India ⁠diversify its sources of crude oil, thi according to U.S. Envoy Sergio Gor .



The U.S. has made diversification away from Russian crude a condition for cutting tariffs on goods imported from Indian, the world's third-biggest oil importer and consumer.



U.S. President Donald Trump this month agreed to cut tariffs on Indian goods to 18% under an interim trade deal.



He also removed a 25% punitive levy after India agreed to end the purchase of Russian oil, which the U.S. said helps fund Russia's invasion of Ukraine.



He said India would buy more oil from the U.S. and potentially Venezuela.



A final trade deal with India will be signed "sooner than later" as a "few tweaking points" are required, Gor said, adding Trump has been invited to India by Prime Minister Narendra Modi.