U.S. Secretary of State Tillerson: Threats of nuclear attack on Japan and South Korea 'are real'

U.S. Secretary of State Rex Tillerson crossed the wires, via Reuters, suggesting that failing to act now on the most pressing security issue in the world may bring catastrophic consequences.

Key quotes (via Reuters):

• Tillerson urges U.N. security council to act 'before North Korea does'
• Tillerson calls on U.N. to implement sanctions, suspend or downgrade diplomatic relations with North Korea
• Will not hesitate to impose sanctions on third party individuals or parties that have ties with North Korea
• 'Business as usual' is not an option on North Korea
• Catastrophic effects of nuclear strike by North Korea outweigh economic benefits
• All options of responding to future provocation by North Korea must remain on the table
• Diplomatic, financial measures will be backed up by willingness to counteract North Korean aggression with military action if necessary
• For years North Korea has dictated terms of its 'dangerous course of action and it's time for us to retake control of the situation'