The Iranian interim nuclear accord originally scheduled to close by the end of this month has been extended until July 7, the U.S. delegation announced on Tuesday. The extension will allow for more time to negotiate the terms of a final deal. (Tweet this)
A preliminary agreement was reached two months ago, but since then it had appeared not enough progress was made. The market had expected an extension.
"The P5+1 and Iran have decided to extend the measures under the Joint Plan of Action until July 7 to allow more time for negotiations to reach a long-term solution ... on the Iran nuclear issue," Marie Harf, senior adviser for strategic communications at the U.S. State Department, said.