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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > International > Article Home Business & Finance News U.S. Politics International Technology Entertainment Sports Lifestyle Oddly Enough Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Obama warns Iran of consequences over nuclear standoff Thu Nov 19, 2009 1:06am EST Email | Print | Share | Reprints | Single Page [-] Text [+] By Patricia Zengerle and Manny Mogato SEOUL/MANILA (Reuters) - U.S. President Barack Obama issued a strong warning to Iran on Thursday of consequences of its failure to respond to the offer of a nuclear deal and could have a package of steps to take "within weeks." But Iran's foreign minister rejected talk of further sanctions, saying the West had learnt from "failed experiences" of the past. Iran on Wednesday rejected a deal to send enriched uranium abroad for further processing, defying Washington and its allies which had called on Tehran to accept a deal which aimed to delay Iran's potential ability to make bombs by at least a year by divesting the country of most of its enriched uranium. The U.N. nuclear watchdog, the International Atomic Energy Agency (IAEA), had said Iran should send some 75 percent of its low-enriched uranium to Russia and France, where it would be turned into fuel for a Tehran medical research reactor. "Iran has taken weeks now and has not shown its willingness to say yes to this proposal ... and so as a consequence we have begun discussions with our international partners about the importance of having consequences," Obama said at a joint news conference with South Korean President Lee Myung-bak during a visit to Seoul. He said Iran would not be given an unlimited amount of time, likening the Iranian nuclear issue to the years of stop-and-start negotiations with North Korea about its nuclear ambitions. "We weren't going to duplicate what has happened with North Korea, in which talks just continue forever without any actual resolution to the issue," said Obama, who has advocated a policy of increased engagement, rather than confrontation, on thorny international issues. "SANCTIONS" OUTDATED - IRAN In Manila, visiting Iranian Foreign Minister Manouchehr Mottaki dismissed the possibility of further sanctions. "Sanction was the literature of the 60s and 70s," he said at a news conference. "I think they are wise enough not to repeat failed experiences," he said, speaking through an interpreter. "Of course it's totally up to them." Mottaki said Tehran was willing to discuss the plutonium deal but only if the swap of enriched uranium for nuclear fuel took place within Iran. "Iran raises its readiness in order to have further talks within the framework which is presented," he said. "It's not our proposal to have a swap," he added. "They raised such a proposal and we described and talked about how it could be operationalised." Obama said he still hoped Iran would change its mind and that Washington and its allies would consider a package of potential steps to indicate to Iran their seriousness. "Our expectation is that, over the next several weeks, we will be developing a package of potential steps that we could take, that would indicate our seriousness to Iran," he said. Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: West lowers sights for new Iran sanctions at U.N. 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Full Article Full Coverage: Iran Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Labs | Journalism Handbook | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. 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