Statements by Iran that it would resume its nuclear development activities as EU efforts to incentivize that country's abandonment of such activities seemed to fail led to warnings from EU officials today that the situation had become "very serious" and "very threatening".
For more information, read this article from the BBC.
The BBC and other sources say that the U.S. and the EU now appear to be in agreement that Iran's resumption of nuclear processing may lead to referral to the United Nations Security Council.
What the UN Security Council could do is unclear, although it is possible that economic sanctions could be imposed against Iran.
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