UPDATE 2-Trump says India will buy oil from Venezuela, not Iran

The U.S. effort to ‍supply Venezuelan crude to India comes as Washington seeks to ​reduce the oil revenue that is funding Russia in ⁠its war in Ukraine. Trump imposed 25% tariffs on countries buying ⁠Venezuelan oil, including India, in March last year.

U.S. President Donald Trump ‌on Saturday said India will buy Venezuelan oil, as opposed to purchasing oil ⁠from Iran. "We've already made that deal, the concept of the deal," Trump told reporters while on Air Force ​One, en route to Florida from Washington, D.C.

Trump's comment ‍came a day after the United States told Delhi it could soon resume purchases of Venezuelan oil to help replace imports ⁠of ‌Russian oil, ⁠three people familiar with the matter told Reuters. The U.S. effort to ‍supply Venezuelan crude to India comes as Washington seeks to ​reduce the oil revenue that is funding Russia in ⁠its war in Ukraine.

Trump imposed 25% tariffs on countries buying ⁠Venezuelan oil, including India, in March last year. Trump also said on Saturday that China was also ⁠welcome to make a deal with the U.S. to buy ⁠Venezuelan ‌oil.