North Korea lawmaker: Need nukes because of U.S. threat

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Following North Korea's most powerful nuclear test, the U.N. Security Council capped North Korean imports of crude oil, but China and Russian Federation resisted an outright ban.

"Conventional war with North Korea would be catastrophic both in lost lives and monetary cost...", Reed said.

The lawmaker added that North Korea has to defend itself and develop its nuclear program because the country's existence is at stake due to hostile actions taken by the United States.

Kim In Ryong, the North Korean deputy United Nations ambassador, said that the condition on the Korean Peninsula has reached a touch-and-go point, which may trigger a nuclear war at any moment.

Not for the first time in recent weeks, there's been another chilling warning from North Korea.

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Tillerson said President Trump has always stressed on solving the nuclear testing issue of North Korea diplomatically.

To be sure, this might undermine US ability to respond to an imminent nuclear attack, including from a major power like Russian Federation.

North Korea's delegation has stated that it considers nuclear weapons the only effective means of protecting the country's sovereignty, Federation Council Speaker Valentina Matvienko told reporters on Monday after a meeting with Deputy Chairman of North Korea's Supreme People's Assembly Ahn Dong Chun on the sidelines of the Inter-Parliamentary Union assembly.

The statement comes on the heels of heightened rhetoric between North Korea and the United States over the past several months. Of course, North Korea has carried out numerous missile tests, and they recently successfully tested a hydrogen bomb warhead.

The US is not ruling out the eventual possibility of direct talks with North Korea, Deputy Secretary of State John J. Sullivan says, hours after Pyongyang warned nuclear war might break out at any moment.