Reliance Industries is seeking U.S. approval to resume purchasing Venezuelan crude oil, engaging with the State and Treasury departments. This move aims to diversify India's energy supplies amid Western pressure to reduce Russian oil imports. The U.S. has indicated readiness to allow such purchases under a new, controlled framework, potentially importing 100,000-150,000 barrels daily. Venezuela's heavy crude is suitable for Reliance's complex refineries, and past imports were significant before sanctions and tariffs impacted trade.