Obama, Chinese leader agree to look at possible new sanctions on Iran - The Oval: Tracking the Obama presidency Slowly, diplomacy is starting to make progress. Russia is on line with new arms treaty and will now consider supporting sanctions. President Obama and Chinese counterpart Hu Jintao agreed today to have their respective diplomats work together on possible new sanctions for Iran over its nuclear program, officials said. The Chinese are "prepared to work with us," said White House national security aide Jeff Bader, briefing reporters after Obama and Hu met on the sidelines of the Nuclear Security Summit. Iranian president Mahmoud Ahmadinejad, meanwhile, has said sanctions will not affect his country's decisions regarding its nuclear program. He also condemned the Nuclear Security Summit that Obama is hosting.