US President Barack Obama has suggested tougher sanctions on Iran over its continuous pursuit of nuclear weapons.

Speaking at the 47-nation nuclear security summit in Washington, Obama urged world leaders to take joint action to prevent terrorist groups from obtaining nuclear weapons, according to Reuters.

Obama said that China had agreed to help negotiate a new UN sanctions resolution on Iran but that Beijing still had economic concerns about sanctions.

During the summit, China sought Security Council resolution to promote a diplomatic way out of the nuclear stand-off as Iran is China’s third-largest crude oil supplier.

International Atomic Energy Agency director general Yukiya Amano said that Iran might reduce cooperation with UN inspectors if further sanctions were imposed.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.