Trump Administration Announces New Sanctions on Iran

The Treasury Department made the announcement this morning.

The new sanctions represent Trump's first confrontation with Iran. Trump recently tweeted that Iran was "ungrateful" of the nuclear deal reached with the Obama administration.

Sanctions expert Eric Lorber, a senior associate at Financial Integrity Network, a strategic advisory firm, told ABC News that the new measures “won’t have a very serious macroeconomic impact on Iran or on its ability to continue its ballistic missile development.”

"Iran is known to be very good at swapping out front companies for the IRGC, and that many of these companies listed today fall under that category," Lorber said.

However, this could just be the first of many steps the administration takes to flex its muscle, he added. That remains to be seen.