Story highlights Khorramshahr missile was displayed at a military parade in Tehran

Weapon reportedly has a range capable of reaching Israel and Saudi Arabia

(CNN) Iran tested a new ballistic missile that is reportedly capable of carrying multiple warheads, the nation's state-run broadcaster announced Saturday.

Iran unveiled the ballistic missile Friday at a military parade in Tehran and successfully tested it the same day, Press TV reported. It said Iran released footage of the test-launch.

Called the Khorramshahr missile, the weapon has a range of 1,250 miles (2,000 kilometers) and can carry multiple warheads, according to Press TV.

"The Khorramshahr missile has become smaller in size and more tactical and it will be operational in the near future," the broadcaster said.

The missile was launched from an unknown location.