Iran and six powers failed for a second time this year on Monday to resolve their 12-year dispute over Tehran’s nuclear ambitions They gave themselves seven more months to overcome the deadlock that prevented them from clinching an historic deal.
Western officials said they were aiming to secure an agreement on the substance of a final accord by March but that more time would be needed to reach a consensus on the all-important technical details.
British foreign secretary Phi lip Hammond told :We have had to conclude it is not possible to get to an agreement by the deadline that was set,therefore we will extend the JPOA to June 30, 2015
He was referring to the so called joint Plan of Action, an interim deal agreed between the six and Iran a year ago in Geneva.
Under the joint Plan of Action Tehran halted higher level uranium enrichment in exchange for a limited easing of sanctions.
Hammond said the expectation was that Iran would continue to refrain from sensitive atomic activity.
He added that Iran and the powers “made some significant progress” in the latest round of talks.
Hammond said there was a clear target to reach a “headline agreement” of substance and talks would resume next month.
Hammonmd said, noting that Tehran will still be able to continue to access $700 million per month in sanctions relief