United Nations ? The five permanent members of the U.N. Security Council reached a deal Friday on a resolution that would give Iran until the end of August to suspend uranium enrichment or face the threat of economic and diplomatic sanctions.

The draft was formally circulated to the full 15-member council late in the day and will likely be adopted next week.

Because of Russian and Chinese demands, the text is weaker than earlier drafts, which would have made the threat of sanctions immediate. The draft now essentially requires the council to have further discussions before it considers sanctions.