Hatami also emphasized that the country would not succumb to the sanctions being imposed by the U.S. on Iran when President Donald Trump unilaterally withdrew out of the nuclear deal in May 2018.
His warning came as a response to Israeli Prime Minister Benjamin Netanyahu, who at a graduation ceremony of Israeli navy cadets in Haifa on March 6, said the regime's navy could take action against Iranian oil shipments.
"Iran has the military capabilities to counter any Israeli intervention", Iran's IRNA news agency quoted Hatami as saying, adding that the global community would not accept this either.More news: Google announces Android Q: New features revealed in beta version
According to the Iranian Minister, in case of such an action by Tel Aviv we will consider it piracy and if this happens, we will respond with full force.
"Whatever sector you look at, companies will keep in mind being cut off from the U.S. financial system when deciding whether to trade with Iran", said Mehdi Varzi, an independent oil consultant who has previously worked at the state-run National Iranian Oil Co.
Iran's navy has extended its reach in recent years, dispatching vessels to the Indian Ocean and the Gulf of Aden.
"We never welcome any war, but we are ready to respond to any invasion".
According to maritime experts, Iran has used a variety of measures to evade sanctions, including changing the names of ships or flag registries, switching off location transponders on ships and conducting ship-to-ship transfers offshore and away from large trade hubs.More news: Trump slams handling of Brexit by UK's May
For example, last year, one of Iran's tankers sank near China after a collision with another vessel.
To give time to importers to find alternatives and prevent a jump in oil prices, the United States granted Iran's main oil buyers waivers to sanctions on the condition they buy less in the future.
Brian Hook, the State Department's special representative on Iran, on March 13 reiterated the US policy, telling an industry conference in Houston that Washington was committed to bringing Iranian crude exports to zero.
"Countries, ports, and canal operators, and private firms should know they will be likely responsible for the cost of an accident involving a self-insured Iranian tanker", he added.
US Secretary of State Mike Pompeo has stressed Washington's commitment to swiftly bring Iranian crude oil exports to zero, saying Tehran's role in the energy market has been diminishing due to US pressure.More news: Last remaining US diplomats leave Venezuela