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Russia said the oil output freeze it proposed with Saudi Arabia would need to last a minimum of 12 months to support prices.Russia, Saudi Arabia, Venezuela and Qatar, seeking to curb an oversupply that's seen prices drop to 12-year lows, reached a preliminary agreement last week to freeze output at January levels if other states join them. A freeze puts "unrealistic demands" on Iran, which is seeking to increase production by 1 million barrels a day this year after international sanctions were lifted last month, Oil Minister Bijan Namdar Zanganeh said Wednesday, according to Shana news agency.
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