But sentiment turned negative after a report that several governments received waivers that would allow them to import some Iranian crude once USA sanctions are imposed next week.
The United States is preparing to reimpose sanctions on Iran'soil industry on November 5 after withdrawing from Tehran's nuclear deal with world powers.
India has held several rounds of conversations with the US, Iran and and other stakeholders on the issue.
In a presidential memorandum late on October 31, Trump said he determined there was sufficient supply of petroleum and petroleum products in the global market to cushion the impact of a cut in purchases of Iranian oil.
The US has broadly agreed to grant India a waiver from Iran sanctions after the Indian side chose to cut oil imports from Tehran by about a third in 2018-19, sources familiar with the matter said, adding that an official announcement could be made over the next few days.
The administration has said it is considering waivers on a case-by-case basis. Iran could mix its oil with crude from neighboring Iraq, sell on the black market or try a barter system supported by the Europeans. The companies will be allowed to import 1.25 million tons a month up to March 2019, the same as they ordered for October and November. "Administration officials used to tell us it's OK to give Iran concessions on SWIFT because they would force oil exports down to zero", the source said. State oil firms are yet to decide on how this quantum will be split between them.
How companies will pay for Iranian oil is still being negotiated between India and Iran, sources said, adding that it's likely that the two countries will stick to the existing mechanism under which 55% of payment is made in euro and 45% in rupee through UCO Bank.
Lack of clarity is still dominant regarding both Iranian exports and potential USA waivers, but Iran's top two oil buyers-China and India-are not bringing their imports down to zero.
USA hardliners want to press ahead on SWIFT, but others argue to keep the option as a bargaining card with the Europeans and say that SWIFT access remains useful in tracking Iranian transactions.
Rouhani pushed back against the upcoming sanctions, claiming America will reveal itself as guilty of unlawful actions in just a few days.
The chief economic advisor did not provide any details of the trade talks between India and the US.
Beyond Iran sanctions, oil output has been rising significantly in the past two months.
Despite Mr. Trump fulfilling a campaign promise by re-imposing the sanctions, some Obama-era officials including former Secretary of State John Kerry have been caught working behind the scene to help the European Union continue their trade. Indian public refineries like Mangalore has also been buying Iranian oil but not in the numbers that they were earlier.
I've done this many times , doing prosthetics and all of this stuff, so for him to go through this is pretty phenomenal". The pair arrived in a large white flower-covered carriage and shared a series of ogre smooches on the red carpet.
Arsene Wenger says taking charge of a Premier League club would be "odd" after teasing a return to management early next year. Wenger added he will "certainly not" manage in England again out of respect for Arsenal .
Second letter was on using RBI's capital reserves and the third letter was on relaxing constraints on PCA banks for loans to SMEs. This did not go down well with the Centre, who said that they were 'upset' that the RBI publicly spoke about the rift.
Shortly after her speech, Winfrey posted videos on Instagram of herself going door to door canvassing for Abrams. Abrams is running on a campaign that includes Medicaid expansion, and "common-sense gun control", Winfrey noted.
Both the staff at the facility as well as state authorities are continuous in the efforts to contain the spread of the virus. At the hospital, the state health department earlier said it found four Acinetobacter baumannii cases since October 1.
The system that became Hurricane Kate formed southeast of the Bahamas on November 8, 2015, noted the WeatherBug blog . A front is still on track to push Oscar early this week and turn it quickly northeast before even reaching Bermuda.
Anderson broke in the fourth game of the match to lead 3-1 when a powerful backhand forced an error from the fifth seed. The South African will also have London on his mind as he chases his second ATP crown of the year.
Ibrahimi said 111 candidates were vying for 11 seats in Parliament from southern Kandahar in Afghanistan's 249-seat chamber. One police officer was killed and six others, including election workers and policemen, were wounded in the blast.
The Shanghai Composite index rebounded 1.2 percent to 2,573.33 and South Korea's Kospi picked up 1.3 percent to 2,021.82. The euro fell to $1.1390 from $1.1412.Tokyo's Nikkei 225 sank 0.2 percent and Seoul's Kospi lost 1.5 percent.
The far-right Alternative for Germany (AfD) meanwhile took 13.1 percent to enter the Hesse state legislature for the first time. The SPD's results showed the same dynamics, as the party attracted 10 percent fewer voters than in 2013.
Emotional Bowman Revels In Winx Success
Punters are hoping champion mare Winx can make history on Saturday and claim her fourth straight Cox Plate victory. But, when asked how she pulled up, Chris Waller tells Alan Jones his horse is doing just fine.
India unveils the tallest statue in the world
Indian policemen gather next to the Statue of Unity at Kevadiya colony in Gujarat state, India , Wednesday, Oct. 31, 2018. Patel was known as the " Iron Man of India" for integrating various states in the post-independence era.
Turkey's Erdogan to Saudis - Where is Khashoggi's body?
Hatice Cengiz, who is Turkish, said she would never have planned to marry the journalist had she known it would lead to his death. In his speech, Erdogan mocked the initial story of Khashoggi's disappearance as "childish" and "far from state seriousness".