Trump announces sanctions on Iran's national bank

The decision comes as the president will convene a meeting of his senior advisers Friday afternoon to consider options to retaliate against Iran for the strike, according to three U.S. officials.
2:21 | 09/20/19

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Transcript for Trump announces sanctions on Iran's national bank
And we have just sanctioned. And that is their central banking system and it's going to be. At the highest level of sanctions. So that just took place and a couple of other things we have our secretary of treasury and state religion if you honestly just a word Steve before we begin. Mr. President as you instructed me we are continuing the maximum pressure campaign this is the last remaining source of funds so both the Central Bank provide around. Is rove well as the national development fund which is there sovereign wealth fund. Will be cut off from our banking system so the swimming no more funds going to be hard to see you wouldn't find terror. And this is on top of our oil sanctions and our financial institutions sanctions haven't. Is very good we've we've now cut off all source of funds to Ahram. But. That does. Brighton. President to thank. You think you'd. Thank you very much that you appreciate so we're dealing with a many nations we're dealing with some of the neighbors to Saudi Arabia of course were doing was Saudi Arabia. Saudi Arabia is very much involved from the standpoint of what we're doing and what they're doing and we're working together. With others were also working on the cost of this whole endeavor. And so there it has been very generous. We want to see if it works out and other works out that's great enemy doesn't work out that's great. In the end it always works out that's the way it is and always works out so. You'll be seeing certain things happening but a very major factor is what we did these are the highest sanctions ever imposed on. A country would never done it to this level. And it's too bad what's happening with Iran it's going to hell. And in doing poorly. They're practically broke they are broke. And they could spot they could solve the problem. Very easily full they have to do is stop with the terror. They have been beaten number one as you know Scott very well number one country worldwide. Terra. Between sponsoring it and doing it themselves. And we can't have it.

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

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