President Trump said today that the UN Security Council must be ready to impose new sanctions on North Korea, Reuters reports.

"The status quo in North Korea is also unacceptable," Trump told a meeting with the 15 UN Security Council ambassadors, including China and Russia, at the White House on Monday. "The council must be prepared to impose additional and stronger sanctions on North Korean nuclear and ballistic missile programs."

"This is a real threat to the world, whether we want to talk about it or not. North Korea is a big world problem and it's a problem that we have to finally solve," he continued. "People put blindfolds on for decades and now it's time to solve the problem."

U.S. officials told Reuters that stricter sanctions are under consideration. These include an oil embargo, banning North Korea's airline, intercepting cargo ships and punishing Chinese banks and other foreign doing business with Pyongyang.

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