On January 4, US President Donald Trump warned that Washington could raise tariffs on Indian imports if New Delhi does not stop purchasing Russian crude. The warning comes even as Indian exports to the US are already subject to a 50 per cent import tariff, half of which is directly linked to
"PM Modi's a very good man. He's a good guy. He knew I was not happy. It was important to make me happy. They do trade, and we can raise tariffs on them very quickly," Trump said.
The President said the raid, carried out by the US Army's elite Delta Force with assistance from an FBI unit, did not result in any US fatalities. However, a small number of troops sustained injuries during the operation, CNN reported, citing a source briefed on the matter.
Taneja also noted that recent developments may not have an immediate impact on oil prices and could create opportunities for Indian oil companies if sanctions are lifted.
US Secretary of State Marco Rubio on Sunday (local time) took a U-turn on Trump's remark to "run" Venezuela following their military operation in its capital, noting that the President had "always retained optionality."
Sachdev said that major oil companies may be used to engage with the Venezuelan opposition, to gain access to the country's oil while sharing profits through royalties.
US Vice-President JD Vance on Sunday defended Washington's military action related to Venezuela, during which they captured the country's president and deposed dictator Nicolas Maduro and his wife, arguing that the South American nation has played a significant role in drug trafficking and h
US Secretary of State Marco Rubio on Sunday defended Washington's military action in Venezuela, during which it captured the country's president and deposed dictator Nicolas Maduro and his wife, saying that it was aimed at protecting US national interests in the Western Hemisphere and pre
Sachdev, in conversation with ANI, noted that while US President Donald Trump has stated that the Washington would "run" Venezuela, the practicalities of such a move remain unclear.