India leans on Venezuelan oil amid Strait crisis
Reports indicate that India is seeking to diversify its sources of oil amid disruptions in Middle Eastern supplies, with Venezuela becoming its third-largest crude supplier this month. This occurred during the visit of Venezuela's acting president to New Delhi, where discussions focused on strengthening energy cooperation, particularly on leveraging Venezuela's large reserves in light of ongoing tensions in the Strait of Hormuz. India is one of the world's largest oil importers and is under pressure from rising crude prices and shipping disruptions in the region.
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