Iran reviews 'time out' nuclear sanction deal

Iran says it needs time to review a plan proposed by the head of the United Nations nuclear watchdog agency in which it will hold off on imposing sanctions if Tehran suspends uranium enrichment.

International Atomic Energy Agency chief Mohamed ElBaradei proposed the simultaneous time-out plan during the World Economic Forum in Switzerland in an effort to end the standoff between the West and Iran over the Islamic republic’s suspect nuclear programme.