ABC This Week interviews during 2017: on War & Peace

Mike Pence: Economic sanctions on Iran for ballistic missile tests

PENCE: It means, we're watching.

Q: What are we watching for?

PENCE: It means Iran would do well to look at the calendar and realize there's a new president. And Iran would do well not to test the resolve of this new president.

Q: What would testing the resolve be?

PENCE: The ballistic missile tests last week were in direct violation of U.N. Security Council resolutions. That's why the president took the decisive action to impose economic sanctions on their supply chain for their missile program. But let's also recognize that the Houthi rebels in Yemen are fully subsidized by Iran.

Q: That might require military action? President said, "Everything's on the table."

PENCE: The Iranians got a deal from the international community that the president and I and our administration think was a terrible deal. We're evaluating that as we speak.