Trump says India will buy oil from Venezuela, not Iran

U.S. President Donald Trump on Saturday ​(January 31, 2026) said India will buy Venezuelan ‌oil, as opposed ​to purchasing oil from Iran.

“We’ve already made that deal, the concept of the deal,” Mr. Trump told reporters while on Air Force One, en ​route to Florida from Washington, ⁠D.C.

Mr. Trump’s comment came a day after the United States told Delhi it ​could soon ⁠resume purchases of Venezuelan oil to help replace imports of Russian oil, three people ‌familiar with the matter told ‌Reuters.