0126 GMT February 20, 2019
According to IRNA, Bijan Namdar Zanganed said in an expert meeting, "We are literally in a cold war."
The US and its regional allies aim to, by pressurizing Iran and forcing the country to suffer economic shortages, imply that the Islamic Republic has reached a dead-end on the threshold of the 40th anniversary of the 1979 Islamic Revolution.
On May 8, US President Donald Trump pulled Washington out of a multilateral nuclear deal with Iran, known as the Joint Comprehensive Plan of Action (JCPOA), and reimposed sanctions on Iran's oil industry last month.
The deal was sign between Iran and P5+1 in July 2015.
He stressed, "Today Iran's oil, gas and petrochemical sector is at the forefront of the cold war. On one hand, our enemies know that our production exceeds domestic need and that to generate income we have to export our products and to meet certain requirements we need foreign currency on the other hand."
Under the present circumstances, Iran has come under the heaviest economic siege laid ever by the enemies on the Islamic Republic, Zanganeh said.
The minister noted that although no bombs are dropped or gunfire is heard in a cold war, the country comes under intense pressure.
He urged, "We are required to be cognizant and resist [the enemies] with full power."
Zanganeh said the Iranian government's most important responsibility at this time is to meet the people's basic needs such as foodstuff, drugs and medical equipment and supply raw materials to major factories enabling them to continue production.