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July 19, 2014 9:40 pm

World Powers, Iran Agree to Four Month Extension in Nuclear Talks

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Iranian foreign minister Mohammad Javad Zarif. Photo: WikiCommons.

Iranian Foreign Minister Mohammad Javad Zarif. Photo: Wiki Commons.

JNS.orgIran and the P5+1 powers, including the United States, agreed on Friday to extend negotiations over the Iranian nuclear program by four months. A deadline of July 20 for a final nuclear deal had been set when an interim deal was reached.

As part of the extension, Iran will receive access to $2.8 billion of its assets that have been frozen in the U.S. The Islamic Republic “will not get any more money during these four months than it did during the last six months, and the vast majority of its frozen oil revenues will remain inaccessible,” Secretary of State John Kerry said.

“I hope that the next four months will lead to a constructive termination of Iran’s nuclear ambitions, but remain concerned that the time will be used by Iran to thwart sanctions and further its efforts towards a nuclear capability,” said U.S. Rep. Brad Schneider (D-IL), a member of the House Foreign Affairs Committee.

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