The P5+1 and Iran have announced that the Joint Plan of Action, which was due to expire tomorrow, has been extended until 7 July 2015.

Today's announcement enables temporary relief from certain sanctions to remain in place while negotiations continue in an attempt to find a comprehensive solution to the Iranian nuclear issue.

Links:

Council of the European Union Statement: http://www.consilium.europa.eu/en/press/press-releases/2015/06/30-iran-sanctions/

OFAC Statement: http://content.govdelivery.com/accounts/USTREAS/bulletins/10ca101

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.