India extended a warm welcome to Delcy Rodriguez, the interim President of Venezuela, during her visit aimed at strengthening trade ties, particularly in the energy sector. Prime Minister Narendra Modi and Rodriguez discussed Venezuela's substantial oil reserves, which India views as a crucial opportunity amidst rising global crude prices and supply disruptions due to the ongoing conflict in the Middle East. Indian officials highlighted that Venezuela, which holds around 17% of the world's crude reserves, has become a significant source of oil for India, especially as the country seeks to diversify its energy imports. The Indian government is actively pursuing new oil sources to ensure energy security, given the challenges posed by restricted shipping through the Strait of Hormuz. Rodriguez expressed optimism about the discussions, indicating that they would be fruitful for both nations. This partnership is particularly important as India faces rising import bills and inflation due to elevated global oil prices stemming from geopolitical tensions.