Iran, World Powers Extend Nuclear Talks to July as Gaps Remain

Envoys representing Iran and a group of world powers agreed to extend talks on the Islamic Republic’s nuclear program until July, according to officials present at negotiations in Vienna.

The teams will now have until March 1 to agree on a political framework, while talks on technical details can continue until July 1, the officials said, requesting not to be named because the talks are private. Negotiators have been warning for days that extending the year-long talks may be necessary because of the major disagreements between the sides.

The new timeframe emerged as U.S. Secretary of State John Kerry and envoys from his P5+1 partners — China, France, Germany, Russia and the U.K. — ended a meeting with Iranian Foreign Minister, Mohammad Javad Zarif, and European Union envoy, Catherine Ashton, in the Austrian capital.

Iran says its nuclear program is solely for energy and industrial uses. A year-old interim accord, aimed at ending Iran’s isolation from the U.S. and its allies by restricting its nuclear ambitions, was set to expire at midnight.

Source: Bloomberg / Nov. 24, 2014


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