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By Arshad Mohammed MONTREUX, Switzerland (Reuters) - Iran rejected on Tuesday as "unacceptable" U.S. President Barack Obama's demand that it freeze sensitive nuclear activities for at least 10 years but said it would continue talks on a deal, Iran's semi-official Fars news agency reported. Iran laid out the position as the U.S. and Iranian foreign ministers met for a second day of negotiations and as Israeli Prime Minister Benjamin Netanyahu delivered a stinging critique of the agreement they are trying to hammer out. Iran's Foreign Minister Mohammed Javad Zarif and U.S. Secretary of State John Kerry met a day after Obama told Reuters that Iran must commit to a verifiable halt of at least 10 years on sensitive nuclear work for a landmark atomic deal to be reached. "Iran will not accept excessive and illogical demands," Zarif was quoted by Fars as saying.