France is in a hurry to urge UN Security Council's adoption of sanctions against Iran, said French Foreign Minister Philippe Douste-Blazy on Wednesday.

"Are we in a hurry or not? Yes, because I think it is related to the credibility of the UN Security Council," Douste-Blazy told a joint press conference with his Israeli counterpart Tzipi Livni.

High-ranking diplomats from Britain, the United States, China, Russia, France and Germany failed to reach agreement on a UN draft resolution at the meeting held at the French Foreign Ministry on Tuesday although the ministry said there was "substantive progress."

According to the UN Security Council draft resolution proposed jointly by Britain, France and Germany, goods trade with Iran related to its nuclear and ballistic missile programs would be barred, while restrictions on finance and travel would also be imposed.

The council adopted a resolution in late July, urging Iran to suspend all enrichment-related and reprocessing activities by Aug.31, otherwise face possible sanctions.

But the Iranian government has repeatedly said that the country would press ahead with its nuclear program despite the UN warning, insisting that its nuclear program is only for peaceful purposes.