Talks to continue on limiting Iran’s nuclear program

Negotiations to curb Iran’s nuclear program failed to achieve a permanent agreement by Monday’s deadline, but Secretary of State John Kerry said some “new ideas surfaced” in the past few days and “we would be fools to walk away.”

Negotiators with the U.S. and Iran, along with Britain, France, Germany, China and Russia agreed after six days of talks in Vienna to lay out by March 1 what Iran and the other six world powers need to do, and to decide on a final agreement four months later. The talks will resume in December, though a location was not announced.

While the negotiations continue, an interim deal will remain in place and Iran will continue to receive $700 million per month in formerly frozen funds.

Western countries are concerned Iran is using its nuclear program to build a bomb, but Tehran insists the program is for civilian purposes only.