The UN Security Council is poised to adopt a resolution demanding Iran suspend its nuclear activities by the end of August or face the threat of sanctions.
Barring last-minute delays, the council has scheduled a vote on the document that demands Iran "suspend all enrichment-related and reprocessing activities, including research and development."
If Tehran does not comply by August 31st, the council would consider adopting "appropriate measures" under Article 41 of Chapter 7 of the UN Charter, which pertains to economic sanctions, says the draft.
The resolution is the first on Iran with legally binding demands and a threat to consider sanctions. The United States and its allies suspect Iran is developing a nuclear bomb and accuse it of hiding research over 18 years.
On the eve of the anticipated vote, Iranian President Mahmoud Ahmadinejad told a news conference the resolution was unacceptable and his country had the right "to take advantage of peaceful nuclear technology."
A Foreign Ministry spokesman warned yesterday the resolution would create what he called a deeper crisis in the Middle East, but he did not elaborate.
Germany and the council's five permanent members with veto power - the United States, Russia, China, France and Britain - reached broad agreement on Friday, and no major changes were made over the weekend.
Russia and China are reluctant to impose sanctions.