Speaking to reporters after marathon talks between Iran and the Group 5+1 (the five permanent UN Security Council members plus Germany) in Laussane, Switzerland, early Wednesday morning, Iran's Foreign Minister Mohammad Javad Zarif said the negotiating teams from Iran and the six world powers have found solutions to a major portion of their differences and will start drafting the final deal later on Wednesday.

He voiced pleasure in the latest round of the negotiations and said, 'Very good progress was made in the talks.'

Asked if differences have been resolved, Zarif said, 'Solutions have been fully specified for most issues.'

Zarif expressed the hope that drafting the final nuclear deal would start 'Wednesday morning'.'Drafting should, of course, start this morning,' he added.

He said the seven nations will likely issue a joint statement at the end of their meeting today.

A few minutes earlier, Lavrov Russian foreign minister said that Zarif and EU foreign policy Chief Federica Mogherini will give a joint statement about the forming deal on Wednesday.

, Russian Foreign Minister Sergei Lavrov said Iran and the world powers have eventually worked out an agreement, adding that the seven nations are now working on drafting the text.

Speaking to media in Lausanneearly Wednesday morning, Lavrov said Iran and the G5+1 have reached an agreement in principle on all key issues.

After the media was briefed that some of the foreign ministers announced that they plan to abandon the nuclear negotiations, many outlets reported that the Iranians were given an ultimatum to reach a decision by Wednesday morning. Furious over the briefing by their European counterparts, senior U.S. officials were quick to deny that an ultimatum was issued. A similar statement was also published by the Iranians.

Representatives of Iran and the six powers – the United States, Britain, France, Germany, Russia and China – have been conducting talks since last Wednesday in an attempt to arrive at principles that would guide the negotiations through the final deadline of June 30.
Today Iran and the G5+1 resumed expert level talks in Lausanne on Wednesday morning.

Head of the Atomic Energy Organization of Iran (AEOI) Ali-Akbar Salehi and the US Energy Secretary Ernest Moniz met also on Wednesday morning as part of efforts between Iran and the G5+1 aimed at reaching mutual understanding in the negotiations.
This is while the experts and deputies of the G5+1 and Iran are also reported to be holding separate discussions and consultations among themselves.

Iran and Group 5+1 started their new round of talks in Lausanne, Switzerland, on past Thursday to narrow their differences over Tehran's nuclear energy program ahead of a July 1 deadline.