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France tells Iran new sanctions loom if missile talks fail

French President Emanuel Macron and Iranian counterpart Hassan Rouhani

France is ready to impose further sanctions against Iran if no progress is made in talks over its ballistic missile program, the French foreign minister said on Friday.

"We are ready, if the talks don't yield results, to apply sanctions firmly, and they know it," Jean-Yves Le Drian told reporters.

Diplomats previously told Reuters in private that France, Britain and other EU countries were considering new economic sanctions against Tehran.

Those could include asset freezes and travel bans on Iran's Revolutionary Guards and Iranians developing Iran's ballistic missile program, three diplomats said.