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Crude awakening: As Russia, Iran face Trumpheat, can Venezuela fill India’s oil gap?

What happens when the world stops buying Iran oil due to the threat of secondary sanctions? Where will India procure crude from if it faces tariffs of up to 100% for its Russian crude oil imports? The Middle East crisis has pushed Russia’s share in India’s crude oil basket to ove

Read full story on Times of India
SMRITI JAIN25 Aug 2026, 10:58 amUpdated 4h ago1 min readIndiaIndia
Crude awakening: As Russia, Iran face Trump heat, can Venezuela fill India’s oil gap?

IndiaSMRITI JAIN

What happens when the world stops buying Iran oil due to the threat of secondary sanctions? Where will India procure crude from if it faces tariffs of up to 100% for its Russian crude oil imports? The Middle East crisis has pushed Russia’s share in India’s crude oil basket to over 50%.

This report is published with credit to Times of India. The wire sent a summary; open the original for any extra context. Read on Times of India

Source: Times of India · SMRITI JAIN. Published 25 Aug 2026, 10:58 am.

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