South Africa calls for 90-day 'time out' on sanctions against Iran

South Africa called Monday for a 90-day "time out" on sanctions against Iran and said a resolution drafted by six world powers should drop an embargo on arms exports and financial sanctions targeting Iran's Revolutionary Guards and an Iranian bank.

Late Monday afternoon, ambassadors from the five permanent council nations met privately and US Ambassador Alejandro Wolff said afterward they briefly discussed the proposals made by South Africa, which holds the presidency of the UN Security Council this month. (AP)