France has recommended that Iran be made to face ‘Stricter Measure’ after information reached it that the Arab country is developing nuclear weapons.

The Foreign Minister; Alain Juppe said the EU countries should back the U.S. in the proposed freezing of the assets of Iran and further impose embargo on it’s oil exports.

Iran dismissed sanction threat and it further said it is not the punitive measure from the U.S. that had crashed its currency.

Iran claimed that it is not developing any nuclear weapon

A joint sanction was placed on Iran in November by U.S.,Canada and the U.K.in the wake of the report from the UN nuclear watchdog, the International Atomic Energy Agency (IAEA), that said Iran had carried out tests related to “development of a nuclear device”.

Iran has also been holding a series of naval exercises in the Gulf, and on Monday said it had successfully test-fired a shore-to-sea Qader cruise missile, a shorter range Nasr and later, a surface-to surface Nour missile.

A medium-range surface-to-air missile was successfully launched on Sunday, Iranian media reported.

Iran has conducted 10 days of exercises near the Strait of Hormuz, through which 20% of the world’s oil passes.

Tehran said on Monday that “mock” exercises on shutting the strait had been carried out, although there was no intention of closing it