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The range of Iranian land-to-sea ballistic missile has been increased to a terrifying 700km (435 miles), a senior military official warned on Tuesday.

It comes as tensions rose between Iran and the United States over new sanctions.

"We have managed to make land-to-sea ballistic, not cruise, missiles that can hit any vessel or ship from 700 kilometres," Amirali Hajizadeh, head of the Revolutionary Guards' airspace division, said.

Iran has threatened to disrupt oil shipments through the Strait of Hormuz in the Gulf if Washington tries to strangle Tehran's oil exports.

Iran and the United States have been at loggerheads since the Islamic Republic was slapped with sanctions by Donald Trump's administration.

They were put in place in response to Iran's continued work on its nuclear capabilities – something it has denied it is doing.

The sanctions are designed to economically strangle the country, with countries who do business with Iran facing US penalties.

In November, US sanctions against the country's oil sector kick off – something that could cripple the regime considering it is the third biggest oil supplier in the world.

(Image: GETTY)

(Image: GETTY) (Image: GETTY) (Image: GETTY)

Iran has accused the US of attempting to manipulate global oil prices and make the resource cheaper.

Iranian Oil Minister, Bijan Zanganeh, accused Trump of "bullying" other nations, adding the global market is suffering as a result.

He said: "The oil market is suffering from short supply and this cannot be resolved by words.

"Trump thinks he can bring the oil prices down by bullying.

"Everyone is worried and Trump has failed to reassure them. That’s why the market is in turmoil."