Earlier Saturday, Iran announced the "successful test" of a new cruise missile with a range of more than 1,350 kilometers.
"The test of the Hoveizeh cruise missile was carried out successfully at a range of 1,200 kilometres and accurately hit the set target", Defence Minister Amir Hatami said, quoted on state television which broadcast footage of its launch.
According to Hatami, the missile was produced with local capabilities.
Meanwhile, in a rare joint statement on Iran on Monday, the European Union said that it was "gravely concerned by Iran's ballistic missile activity and calls upon Iran to refrain from these activities".
Iran has missile capability of up to 2,000 kilometres (1,250 miles), far enough to reach archenemy Israel and USA military bases in the region.
Britain, France and Germany last week launched a system to facilitate non-dollar trade with Iran and avoid US sanctions, although Iran's top judge said the system's conditions were unacceptable.
France, one of the remaining parties in the Iran deal, condemned the attempted satellite launch and urged Iran to discontinue all ballistic missile tests, which violate United Nations resolutions.
A display featuring missiles and a portrait of Iranian Ayatollah Ali Khamenei is seen at Baharestan Square in Tehran, Sept. 27, 2017.More news: LeBron James eyeing playoffs after making Lakers return
Iran faces heated worldwide criticism for violating Security Council Resolution 2231, which urges Iran to refrain from developing missiles capable of carrying nuclear warheads or that can later be modified to carry nuclear warheads.
As Reuters reports, Iran has expanded its missile programme, particularly its ballistic missiles, in defiance of opposition from the United States and expressions of concern by European countries.
Iran said its missile tests are not in violation of the resolution and denies its missiles are capable of carrying nuclear warheads.
The EU warned Tehran over its ballistic missile programme and interference in the Syria conflict Monday, while welcoming a new mechanism to trade with Iran while bypassing U.S. sanctions. Unlike many other news organizations, we have not put up a paywall.
The SPV will operate as a clearinghouse via mirror-image financial transactions, essentially facilitating barter trade, such as the exchange of Iranian oil for medicine or food exports from Europe.
France said last month it was ready to impose further sanctions on Iran if no progress was made in talks about the missiles.
Iran will be forced to make a "strategic leap" if European or other countries try to limit its missile might, Brigadier General Hossein Salami, the second-in-command of the Islamic Revolutionary Guard Corps, has said. The Islamic Republic develops its missile technology according to a "defensive strategy" which changes according to need, he said.