The United Nations Security Council plans to meet Friday morning to discuss a sanctions resolution against Iran, FOX News has learned.
A vote on the resolution is expected Saturday, though the exact timing is still unclear and subject to change.
The U.N. meeting comes as Iranian President Mahmoud Ahmadinejad has stepped up rhetoric about his country's position in the world.
"Iran is the number one power in the world," Ahmadinejad said Thursday in a speech to the families of those killed in his country's war with Iraq more than 20 years ago.
"Today the name of Iran means a firm punch in the teeth of the powerful and it puts them in their place," the president said in an address broadcast live on state television, AFP reported.
Meanwhile, the U.N. Security Council has renewed efforts to agree on sanctions against Tehran over its refusal to suspend nuclear activities, AFP reported.
Ahmadinejad insisted that Iran is winning the standoff over its atomic program.
Ahmadinejad is expected to travel to Iraq this weekend in the first visit by an Iranian president to the neighboring country. The two nations waged a costly war between 1980-1988.