Trump’s Iran oil sanctions, 100% Russian crude tariff threat: Can Venezuela fill the gap for India?

FinSiddhiAugust 25, 2026

What happens when the world stops buying Iran oil due to the threat of secondary sanctions? Where will India procure crude from if it faces tariffs of up to 100% for its Russian crude oil imports? The Middle East crisis has pushed Russia’s share in India’s crude oil basket to over 50%.
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