‘Deal already made. India ready to buy Venezuelan oil’: Trump invites China as well

The United States President Donald Trump today said that an oil deal has been finalised between the United States and India. According to Trump, India has agreed to buy Venezuelan oil from the United States as opposed to purchasing it from Iran.

While speaking to reporters on board Air Force One, Trump said, “We’ve already made a deal. India is coming in, and they’re going to be buying Venezuelan oil as opposed to buying it from Iran. So, we’ve already made the concept of the deal…”

Advertisement

This comes in just a day after Trump said that the Venezuelan oil exports are likely to resume under an arrangement backed by the United States. He had said yesterday, “The Venezuelan situation, the leadership is doing a very good job.” He further stated that countries will soon begin taking Venezuelan oil and that the United States will play a leading role. “We’re inviting countries of the world,” he said. “They’re going to be starting to take the oil.”

#WATCH | US President Donald J Trump says, “China is welcome to come in and make a great deal on oil… We’ve already made a deal. India is coming in, and they’re going to be buying Venezuelan oil as opposed to buying it from Iran. So, we’ve already made the concept of the… pic.twitter.com/278HCUHg5V

— ANI (@ANI) February 1, 2026

Also, the US President invited China to make a deal to buy Venezuelan oil. He said, “China is welcome to come in and make a great deal on oil…”

However, there has been no official announcement by the Indian government yet.

In recent days, the US President has made several remarks relating to the Venezuelan oil deals. While addressing the media on the renaming of Southern Boulevard, Trump said that Venezuela offered 50 million barrels of oil worth USD 5.2 billion to the United States, and he has accepted the offer.

He stated, “We’re dealing with the new President. We’re dealing with a lot of the people who are running the country…They said, we have 50 million barrels of oil, and we have to get it processed immediately because we have no room. Will you take it? I said, we’ll take it. It’s equivalent to USD 5.2 billion.”

Trump also hailed the “great relationship” that the US has developed with the new interim government of Venezuela, formed after the former Venezuelan President Nicolas Maduro’s capture in a US military operation.

“We’ve had a great relationship with the people who are currently the Interim President and everybody else. A lot of pressure has been released,” he said.

After the US military operation in Venezuela, Trump had said that the US will run Venezuela during a transition and needs total access to the oil and to other things in the country.