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"I am very skeptical about the idea of freezing. Iran has already said that they will not go along with this trend, so I think the idea is gone "- the official said on the sidelines of IHS CERAWeek.
He also said that the US government is in contact with both producing countries and consuming countries to oil.
"But in the end, we do not believe that the government should intervene to artificially regulate how much should be produced and how much should be export", - said Hochstein.
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