Islamic State released a video on Tuesday showing the beheading of the US journalist, the second American hostage to be killed within weeks, in retaliation for US air strikes in Iraq.
"The bottom line is this, our objective is clear and that is to degrade and destroy (Islamic State) so that it's no longer a threat not just to Iraq but also the region and to the US," Obama told a news conference.
"Whatever these murderers think they will achieve with killing innocent Americans like Steven, they have already failed," Obama said. "They failed because, like people around the world, Americans are repulsed by their barbarism. We will not be intimidated."
US and British officials both examined the video, showing the same British-accented executioner who appeared in an August 19 video of the killing of US journalist James Foley, concluding it was authentic.
The US resumed air strikes in Iraq in August for the first time since the pullout of US troops in 2011 and Obama said the strikes are already proving effective.
"Those that make the mistake of harming Americans will learn that we will not forget and that our reach is long and that justice will be served," he said.
"This is not going to be a one-week or one-month or six month proposition because of what's happened in the vacuum of Syria, as well as the battle hardened elements of (Islamic State) that grew out of Al Qaida in Iraq during the course of the Iraq war ... it's going to take time for us to be able to roll them back."
The White House said late on Tuesday that Obama was sending three top officials - Secretary of State John Kerry, Defense Secretary Chuck Hagel and counterterrorism advisor Lisa Monaco - to West Asia "in the near-term to build a stronger regional partnership" against Islamic State militants.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)