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“Iran Warned of 'Last Chance' in Nuclear Talks After Deadline Missed”
by Reuters   
July 20th, 2014

VIENNA (Reuters) - Iran faced Western pressure on Saturday to make concessions over its atomic activities after it and six world powers failed to meet a July 20 deadline for a deal to end the decade-old dispute but agreed to keep talking.

The countries agreed to extend the high-stakes negotiations by four months, and let Iran access another $2.8 billion of its cash frozen abroad during that period, though most sanctions on the Islamic Republic stayed in place.

Germany - one of the major powers trying to persuade Iran to curb its nuclear program - warned that the extended talks might be the last chance for a long time to reach a peaceful solution.

Echoing the views of other envoys, a Western diplomat said there had been some progress during nearly three weeks of marathon discussions in Vienna's 19th century Coburg palace and that gaps in positions were not "unbridgeable".

But, the senior diplomat added: "We cannot accept that Iran stays at current levels of enrichment."

The six powers want Iran to significantly scale back its uranium enrichment program to make sure it cannot produce nuclear bombs. Iran says the program is entirely peaceful and wants sanctions that have severely damaged its oil-dependent economy to be lifted as soon as possible.

After years of rising tension between Iran and the West and fears of a new Middle East war, last year's election of a pragmatist, Hassan Rouhani, as Iran's president led to a thaw in ties that resulted in the current nuclear negotiations.

The announcement to give diplomacy until Nov. 24 came in the early hours of Saturday, a day before the July 20 deadline that Iran, the United States, Britain, France, Germany, Russia and China had earlier set for an agreement.

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