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The Secretary of the Iranian Supreme National Security Council confirmed that Tehran will not begin negotiations with the United States until its conditions are met. This response was to the statements made by U.S. President Trump, in which he claimed that Iran is seeking to negotiate quickly and at any cost. The Iranian official warned that changes in oil prices and maritime straits will not halt upcoming developments, amid a reduction in navigation through the Strait of Hormuz due to Iranian threats. The Strait accounts for about 20% of global oil supplies, while the U.S. sanctions, which have halted Iran's oil exports since last July, continue to be in place.
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