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Story summary
- Iran has indefinitely closed the Strait of Hormuz after the U.S. seizure.
- About 30% of world sea-borne oil passes through the Strait.
- First Vice President Mohammad-Reza Aref warned that security in the Strait comes at a cost.
- Iran ties the cost to the U.S. blockade of Iranian ports.
- Negotiations in Pakistan remain uncertain due to ongoing U.S. demands.
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