The gap has closed but not enough yet for the handshakes, photographs and smiles which will greet a deal if it comes.
As Sky News understands it there is agreement that Iran will stop enriching uranium to 20% for up to six months. There is also agreement that Iran can continue to enrich to 3.5%.
However, there are two sticking points.
The first is that the French and possibly the USA also wants Iran to reduce its stockpiles of 20% uranium by oxidising it and thus putting it further away from being weapons grade material.
The second appears to be a demand by at least one country that Iran will not fully open its plutonium plant at Arak next year.
One side has to compromise on at least one of those issues if there is to be a deal today.
If there is, the Iranians will have billions of dollars currently frozen in foreign bank accounts unfrozen, and it will become easier to sell their petrochemical products abroad.
Tehran also wants more concrete guarantees that other sanctions will soon be lifted, and would like a cast iron statement from President Obama that the USA does not seek regime change in Iran.
It is unlikely that if they cannot reach agreement by late tonight they would go into an unscheduled fourth day of negotiations.
None of the foreign ministers were supposed to be here at all, but once Secretary of State Kerry said he was coming, there was a stampede.
The ministers have now spent some political capital in betting on handshakes and smiles all round.
By late tonight we should know if it has paid dividends.
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