India, Nov. 10 -- Indian shares opened on a buoyant note on Wednesday after Brent crude prices hit close to ten-week lows overnight on signs of easing tensions between the U.S. and Iran, and reports suggesting that Middle Eastern oil shipments have nearly returned to prewar levels despite ongoing attacks on vessels in the Strait of Hormuz.

Following talks with Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassi Al Thani, U.S. President Donald Trump stated that the U.S. war with Iran is "militarily effectively over" and that further strikes are currently unnecessary.

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