"We were called at 4.20 pm (9:50 pm IST) to reports of four protesters on the balcony of the Iranian embassy in Princes Gate, Knightsbridge," a spokeswoman for London's Metropolitan Police said.
At around 6.40 pm (12:10 am IST) all four men were arrested on suspicion of criminal damage and being unlawfully on diplomatic premises.
"All four people have been taken to a central London police station. They remain there in custody," the spokeswoman said.
Iranian foreign ministry spokesman Bahram Ghasemi said Tehran made a strong protest to the British government over the incident, according to the IRNA state news agency.
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The report said supporters of an "extreme cult" living in Britain were responsible.
Iran's deputy foreign minister Abbas Araghchi made his protest known to the British ambassador in Tehran, demanding "absolute protection of our diplomats in London and immediate dealing of the police with the attackers", IRNA said.
In 1980, six gunmen who supported a dissident Iranian group took over the Iranian embassy in London, taking more than two dozen hostages.
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