India is an essential partner of the United States, and we fully anticipate that New Delhi will ramp up purchases of US oil. This stop-gap measure will alleviate pressure caused by Iran's attempt to take global energy hostage.
After months of pressure over India's purchases of discounted Russian and sanctioned Iranian crude, New Delhi appears to have bowed to US President Donald Trump's demand by agreeing to phase out Russian oil imports and shift toward buying more barrels from the United States and potentially Venezuela. Trump said Monday on his Truth Social platform that Prime Minister Narendra Modi planned to "stop buying Russian oil," which the US president said would help end the war in Ukraine.
