UNITED NATIONS — The United States and China have reached agreement on a new draft sanctions resolution to punish North Korea for its latest nuclear test, UN diplomats said late Monday. Meanwhile, North Korea vowed Tuesday to cancel the 1953 cease-fire that ended the Korean War. The UN Security Council announced late Monday evening that it will hold closed consultations on North Korea and non-proliferation at 11 a.m. (1600 GMT) Tuesday. The diplomats, speaking on condition of anonymity because no official announcement has been made, said the United States is expected to circulate a draft resolution to the full council at the meeting. Council members are then expected to send the draft to their capitals for review. All 15 council members approved a press statement condemning Pyongyang's nuclear test and pledging further action hours after North Korea carried out its third atomic blast on Feb. 12. The swift and unanimous response from the UN's most powerful body set the stage for a fourth round of sanctions against Pyongyang. For the last three weeks, the United States, a close ally of South Korea and Japan, has been negotiating the text of a new resolution with China, the closest ally of North Korea. Russian UN Ambassador Vitaly Churkin, whose country holds the council presidency this month, told a news conference Monday that a resolution on North Korea might be approved in March though the text had not yet been circulated. Last month's statement from the Security Council called the underground test in February a "grave violation" of three UN resolutions that ban North Korea from conducting nuclear or missile tests. North Korea's three nuclear tests — in 2006, 2009 and 2013 — occurred after Pyongyang was condemned by the United Nations for rocket launches. The Security Council imposed sanctions after the first two nuclear tests and after the North's rocket launch in December, which was viewed as part of the country's covert program to develop ballistic missiles that can carry nuclear warheads. The sanctions are aimed at trying to derail the country's rogue nuclear weapons and ballistic missile programs. They bar North Korea from testing or using nuclear or ballistic missile technology, and from importing or exporting material for these programs. The latest sanctions resolution, adopted in January, again demanded that North Korea abandon its nuclear weapons program and cease missile launches. It slapped sanctions on North Korean companies and government agencies, including its space agency and several individuals. There has been speculation that a new resolution will strengthen existing sanctions related to North Korea's nuclear and missile programs, toughen financial restrictions and cargo inspections, and add additional companies and individuals to the sanctions list. Meanwhile, North Korea vowed Tuesday to cancel the 1953 cease-fire that ended the Korean War, citing a US-led push for punishing UN sanctions over its recent nuclear test and ongoing US-South Korean joint military drills. Without elaborating, the Korean People's Army Supreme Command warned of "surgical strikes" meant to unify the divided Korean Peninsula and of an indigenous, "precision nuclear striking tool." — Agencies