U.N. Considers Ban on Iran for Uranium

Reuters reported the United Nations Security Council is urging Iran to slow its nuclear advances and be more sensitive about its nuclear activity.

As quoted in the market news:

Secretary General Ban Ki-moon also said Iran must cooperate fully with the U.N. atomic watchdog, which will send a senior team to Tehran next week to seek explanations for a trove of intelligence suggesting Iran has tried to design atomic bombs.

Iran, which is facing tightening U.S. and European sanctions targeting its vital oil exports, rejects Western accusations that its nuclear program is ultimately designed to provide it with the means and technologies needed to assemble atom bombs.

Click here to read the full Reuters report.