A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Gulf, Iran, on July 25, 2005. (Reuters File photo)

TEHRAN, July 24 (Xinhua) -- An Iranian senior official said his country has "many options" against the U.S. pressures to cut its oil revenue, Financial Tribune reported Tuesday.

"If we cannot continue our (oil) exports, others will not be able to do so either," said Deputy Foreign Minister Abbas Araqchi.

Araqchi, also a senior Iranian nuclear negotiator, did not elaborate on the possible steps Tehran would take to dampen the U.S. oil sanctions, but said blocking the Strait of Hormuz, a vital shipping lane for international oil supplies, is not Iran's only option.

Following U.S. President Donald Trump's decision to quit the historic Iranian nuclear pact on May 8, Washington vowed to re-impose sanctions against Iran and inflict punishments on countries that have business links with Tehran.

The White House has announced that it would bring Iran's oil sales down to "zero."

Iranian officials described the U.S. move as an economic war.

Iranian President Hassan Rouhani said on Sunday that the United States should avoid economic war against the Islamic republic.

Iran has many straits of oil transit and the Strait of Hormuz (in the Persian Gulf) is one of them, Rouhani warned.