Following Iran's ballistic missile test launch, the Trump administration on Friday imposed new sanctions on the Islamic republic.

The sanctions target various agents, companies and associates involved in procuring ballistic missile technology for Iran.

The U.S. Navy also moved a destroyer into position off the coast of Yemen, after a Saudi naval vessel was attacked by Shiite rebels believed to be supported by Iran.

On "Special Report" tonight, Steve Hayes said this strong response to Iranian provocations is "wildly overdue."

He explained that over the past decade, Iran has established itself as the "foremost state sponsor of terror in the world," funding a variety of terrorist groups, including Al Qaeda, Hezbollah and Hamas, yet the Obama administration had a policy of "accommodation."

"These actions are wildly overdue," Hayes said. "When was the last time you heard anybody stand at the White House podium - as Gen. Flynn did the other day - and suggest that what Iran was doing was wrong?"

"We just haven't heard that for eight years, and it's long overdue."

Watch more from the "Special Report" panel above, and let us know what you think in the comments.

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