Indian refiners will make payments in rupees for purchases of Iranian oil made since September, one of the sources said. Iran grants a 60 day credit period to Indian refiners.
At the same time, he maintained the US administration's firm position toward Tehran, which Washington accuses of interference throughout the Middle East.
The United States in certain cases will consider waivers for countries that need more time to wind down imports of oil from Iran.
Press briefings given earlier this month suggested that the administration's goal was to reduce Iran's oil exports to zero.
While the denial order is still in place, the authorization grants a waiver to some companies that do business with ZTE to do so for one month, a source told Reuters.
The former finance minister says Malaysians are questioning why they have to pay GST for a business entity which would make money anyway.
For prices to really keep moving higher, the US would have to take serious action against Syria's key sponsors: Russia and Iran.
Malaysian-based airline joins Cathay Pacific in allowing Malaysian citizens to change travel dates if existing booking coincides with GE14.
Deputy Prime Minister Zahid Hamidi says Putrajaya has fulfilled all conditions and standards set under visa waiver programme.
Its director-general Surayati Ibrahim says Registrar of Societies will now need a week to consult with its legal advisers about the matter.