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US & Iran Negotiate
- The United States and Iran are negotiating a deal to reopen the Strait of Hormuz.
- Qatar is mediating the talks at the UN General Assembly in New York.
- Iranian Foreign Minister Abbas Araghchi demands blockade lift, frozen-asset release and end to fighting.
- Iran will reopen the strait within seven days if the United States lifts its blockade.
- Brent crude fell over 2% to about $98 per barrel after the proposal was reported.
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