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India's Russian Oil Showdown With America Again? Rubio's Ultimatum Sparks Fresh Storm

TOI.in / Jun 03, 2026, 21.15 PM IST

Washington's message to India has changed again. For years, the United States tolerated India's purchases of discounted Russian crude because it helped stabilise global oil markets and prevent a price shock. Now, with Russian oil waivers set to expire on June 17, US Secretary of State Marco Rubio says those purchases must end as soon as possible. The timing is remarkable. On the very same day, Venezuelan President Delcy Rodriguez arrived in India to deepen energy ties. Is America trying to replace Russian barrels with Venezuelan crude? Is Trump attempting to narrow India's energy options while offering alternatives under US influence? And most importantly, should Washington have any say in where India buys the oil that powers a 1.4-billion-strong economy? This report breaks down the geopolitical battle over Russian oil, Venezuela's growing role, China's shadow in the energy game and why India says its energy policy will be decided only in New Delhi.

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