Iran Nuclear Talks Extended

    Iranian Foreign Minister Mohammad Javad Zarif addresses the media during a news conference in Vienna July 15, 2014. Zarif suggested on Tuesday that six world powers are leaning towards extending nuclear talks with Tehran beyond a July 20 deadline although both sides still hoped to reach an agreement over the next five days. REUTERS/Heinz-Peter Bader (AUSTRIA - Tags: POLITICS ENERGY) - RTR3YRWJ

    Heinz-Peter Bader/Reuters

    After failing to meet a July 20 deadline for an agreement on the curbing of Iran's nuclear program, Iran and six other world powers have agreed to extend the deadline four months to Nov. 24. If a deal had been reached, sanctions against Iran would have been lifted and the country would have been allowed access to $2.8 billion in frozen assets. According to U.S. officials, most sanctions would remain in place during the extra four months. "Iran 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," U.S. Secretary of State John Kerry in a statement. "We will continue to vigorously enforce the sanctions that remain in place."

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