“Today’s action follows a series of aggressive behaviors by the Iranian regime in recent weeks including shooting down a U.S. drone,” the president said in the Oval Office, calling Khamenei “responsible for the hostile conduct of the regime.”

Trump said the sanctions “will deny the supreme leader and the supreme leader’s office and those closely affiliated with him and the office access to key financial resources and support.”

The President also instructed Secretary Mnuchin to sanction Iran’s Foreign Minister Javad Zarif “later this week,” said Treasury Secretary Steve Mnuchin.