News

U.S. officials on Tuesday extended temporary sanctions relief for Iran by another week as diplomats said they would miss a deadline to reach a final accord restricting the Islamic Republic's nuclear program. Under an interim accord reached in November 2013, the United States and five other nations agreed to permit non-U.S. banks to process correspondent transactions for Iranian petrochemical goods, gold and other products, and allow Iran to access billions of dollars of its foreign reserves held overseas while officials negotiated the terms of a final deal. Western diplomats involved in the negotiations expected to miss the June 30 deadline...