Iranian negotiators
The Head of the Iranian Atomic Energy Organization Ali Akbar Salehi (L) talks with Hossein Fereydoon, special assistant to the Iranian president, while walking through a garden at the Beau Rivage Palace Hotel during an extended round of talks in Lausanne, April 2, 2015. Major powers and Iran negotiated into the early hours of Thursday on Tehran's nuclear programme two days past their deadline, with diplomats saying prospects for a preliminary agreement were finely balanced between success and collapse. REUTERS/Brendan Smialowski/Pool

They had to ask teacher for an extension, but it looks like Iran, Russia, China, Britain, France and Germany, will soon be handing in a draft of their group project to limit Iran’s nuclear programs and lifting sanctions that have hurt the country’s economy. Negotiating teams had given themselves a deadline of March 31st, but decided to keep working on the agreement when they felt that the agreement was almost done.

Negotiators announced that they would reveal more details at press conference on Tuesday, according to the AP. It will likely include the lifting of sanction in exchange for a verification process and schedule to ensure that Iran is not developing nuclear weapons. Past proposals have also included a system whereby Iran’s nuclear enrichment program is outsourced to Russia.

While the substance of the agreement appears to have been stamped out, Iran is still concerned with the rhetorical aspects of the announcement. According to AP sources, Iran would rather call it an informal agreement than a “deal.” A final announcment is scheduled later today in Lausanne, switzerland, where the talks are being held.

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