South African Ambassador Dumisani Kumalo said that his country would carefully scrutinize the draft resolution on new UN sanctions against Iran to ensure it leads to “a political solution”.

Iranian Foreign Minister Manouchehr Mottaki said Iran will respond “in equal measure” if the UN Security Council issues a second sanctions resolution against the country.

Iran’s Oil Minister Kazem Vaziri Hamaneh has said that the Islamic Republic will sell its oil in all currencies.