{{Diplomats have agreed a four-month extension to the deadline for an agreement between Iran and world powers on Iran’s nuclear programme.}}<\/p>\n
The US says it will unblock $2.8bn in frozen Iranian funds, in return for Iran continuing to convert its stocks of 20%-enriched uranium into fuel.<\/p>\n
The talks have aimed to persuade Iran to limit its nuclear programme in exchange for the lifting of sanctions.<\/p>\n
World powers suspect Iran seeks atomic weapons, which Iran denies.<\/p>\n
The country insists that it is enriching uranium for use in nuclear power stations and for medical purposes.<\/p>\n
Reuters reports that negotiations will now resume in September, with a final deadline set for 24 November.<\/p>\n
“There are still significant gaps on some core issues which will require more time and effort,” said a joint statement issued by EU foreign policy chief Catherine Ashton and Iran’s Foreign Minister Mohammad Javad Zarif.<\/p>\n
US Secretary of State John Kerry said the US would “continue to vigorously enforce the sanctions that remain in place” on Iran, during the extended period of talks.<\/p>\n
But the US said it would allow Iran to access $2.8bn in funds that had been frozen after Iran agreed to continue converting its 20%-enriched uranium stocks during the four-month extension.<\/p>\n
The 20%-enriched uranium is a medium level of purity and experts say once it reaches that level it could be enriched to weapons-grade, or 90% purity, in a relatively short time.<\/p>\n
The talks in Vienna bring together Iran and the so-called P5+1 group, comprising the US, UK, France, China, Russia and Germany.<\/p>\n
An interim deal between the two sides was reached last year.<\/p>\n
However, the parties have been unable to reach agreement on imposing long-term restrictions over Iran’s uranium enrichment and plutonium production – processes that could yield material for nuclear warheads.<\/p>\n
A deal could see the lifting of oil and trade sanctions on Iran.<\/p>\n
wirestory<\/p>\n","protected":false},"excerpt":{"rendered":"
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