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U.S. President Donald Trump announced the start of new negotiations with Iran beginning on Monday, following a pause in attacks on Tehran, contingent upon reaching a quick agreement—particularly concerning the Strait of Hormuz and Iran's nuclear program. He indicated that there is a potential accord regarding the strait, through which about 20% of the world's energy production passes. The negotiations come after escalating tensions since the escalation began in February, despite the signing of a memorandum of understanding in June to start talks.
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