Economics

Iran Nuclear Talks May End With An Agreement to Talk More

Extending discussions may pose problems, but both sides say that is preferable to a breakdown.

John Kerry, U.S. secretary of state, speaks at the SelectUSA 2013 Investment Summit in Washington, D.C., U.S., on Friday, Nov. 1, 2013
Photographer: Andrew Harrer/Bloomberg

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By Jonathan Tirone, Terry Atlas and Kambiz Foroohar

November 24, 2014 at 12:31 AM UTC

Updated on

November 24, 2014 at 11:00 PM UTC

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World powers and Iran agreed to extend negotiations over the Persian Gulf country’s nuclear program by another seven months, risking a backlash from opponents who say the talks aren’t getting anywhere.

Diplomats gave themselves until March 1 to come up with a political framework and July 1 to spell out the technical steps needed to end the 11-year standoff. The extension was announced as negotiators in Vienna failed to meet yesterday’s deadline for a deal. The November 2013 interim accord between Iran and the six world powers, which caps nuclear work in exchange for limited sanctions relief, will remain in effect.