Trump announces new sanctions on Iran

President Donald Trump on Monday announced new sanctions against in Iran that he promised after pulling back on a military strike, including on Iran's Supreme Leader.
3:06 | 06/24/19

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Transcript for Trump announces new sanctions on Iran
In a few moments I'll be signing an executive order imposing hard hitting sanctions on the supreme leader of Iran and the office of the supreme leader of many others. Today's action follows a series of aggressive behaviors by the Iran and regime in recent weeks including shooting down of US drones he's got drills. I guess everyone so that one and that many other things and and many other things aside from the individual grown so the tankers and we know of other things that we've done also which were not good. Sanctions imposed through the executive order that I'm about to sign. We'll denied the supreme leader in the supreme leader's office. And those closely affiliated with him and the office access to keep financial resources and support. The assets by Ayatollah Khamenei. And his office will not be spared from the sanctions. These measures. Represent a strong and proportionate response to Iran is increasingly provocative actions we will continue to increase. Pressure on terror. Until the regime abandons its dangerous activities in his aspirations including the pursuit of nuclear weapons. Increased enrichment of uranium. Development of ballistic missiles engagement and support for terrorism. Fueling of foreign conflicts. And belligerent acts directed against United States and its allies I felt that we want. Give me this chance give a good chance. Because I think a rare and potentially as a phenomenal. You just say that about North Korea to. I've said about North Korea I think North Korea has a phenomenal future. And I think Iran also has a phenomenal future. And it would like do I think a lot of people would like to see them get to work on that great futures offside is now. And I appreciate. Called me thank you. There. She really ought to be able to negotiated you know they want they don't want to that's fine tuned. But we would love to be able to have frankly they might as well do it soon. But obviously. The people of Iran agreed people only and I know many of my. Lived in New York have been there very much. The last two and a half years but I know many Iranians living in new York and have fantastic people and many friends that are Arabian. And if it's just we're said what's happening to that country. Dealers shouldn't have a good day it was ratified by god congress wasn't properly done as you know as a treaty it wasn't properly done. In correctly done. But we'll get it properly done so we'll see what happens I hope it's going to be for the good but the people. In Iran a great people and all of the people I know so many New Yorkers are great people. Everything else.

This transcript has been automatically generated and may not be 100% accurate.

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