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Iranian officials said conditions were communicated to the United States through Qatar to end the ongoing conflict.
Mohammad Bagher Ghalibaf said the Strait of Hormuz will remain closed until U.S. commitments are fulfilled.
Seven conditions were cited in the reporting, including a halt to fighting, the release of frozen funds, and an end to the naval blockade.
Mohsen Rezaei said Tehran is awaiting a response from President Donald Trump while preparing for possible conflict.
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Rezaei also warned that Iran is ready for a decisive war if Washington rejects the terms.