The economic sanctions against Iran "are having a real impact and we need to continue to press," Secretary of State Mike Pompeo told FOX Business host Lou Dobbs Monday on his eponymous primetime talk show.

Pompeo explained that the sanctions have had impacted many factions in Iran. "Hezbollah has fewer resources, some of the Shia militias have fewer resources, the Islamic leaders in Iran are having to make more difficult decisions about their budget," said Pompeo. The secretary also had a message for the allies. "We need the world to recognize that this is a regime that is still the world’s largest state sponsor of terror."

The United States during the Trump administration has placed sanctions against Iran's petrochemical sector, the metals sector, and the banking sector. All of which have contributed to the country's recession.

Earlier Monday, Pompeo announced the State Department's Rewards for Justice Program is now offering an additional $20 million for information leading to the location, recovery and return of missing retired FBI agent Robert Levinson. Combined with a $5 million reward already in place from the FBI, this brings the reward total for the agent who has been missing for more than a decade to $25 million. Read more at FOX Business