Venezuela · Economy
Key Facts
—The meeting: Venezuela’s acting president, Delcy Rodríguez, met Prime Minister Narendra Modi in New Delhi on June 4 during a five-day visit focused on energy.
—The volumes: Venezuelan shipments to India reached about 417,000 barrels a day this month, up from roughly 283,000 in April and from zero for most of the prior year.
—The driver: The US-Israel war on Iran has disrupted the Strait of Hormuz, through which nearly 40% of India’s crude once flowed, forcing New Delhi to diversify fast.
