India Turns to Venezuela for Oil as Hormuz Crisis Reshapes Energy Trade
⛽ ENERGY PIVOT — India courts Venezuela as Hormuz locks out Gulf supply. 📌 LOOK CLOSER: With Hormuz at 40% flow, India can't absorb the cost of Gulf dependence indefinitely. Venezuela offers sanctioned-but-available crude — a route Washington can't easily bless. New Delhi framing this as "complementarity" is diplomatic cover for a structural hedge. Every barrel India redirects south weakens the pressure coalition Tehran fears most.
