Speaking during Friday's parade, Iranian President Hassan Rouhani said Tehran would press ahead with strengthening its missile capabilities and military defenses, Press TV reported.
The Khorramshahr missile "has a range of 2,000 kilometers [1,243 miles] with ability to carry multiple independently targetable reentry vehicle (MIRV) within a range of 1,800 kilometers", according to the Tasnim news agency, which is seen as having close ties to Iran's Revolutionary Guards. Iran showed off a new missile, named Khoramshahr after a southwestern city, at an anniversary military parade in the capital.
The missile has a range of 2000 km (1242 miles) and can carry a warhead to a range of 1800 km (1118 miles).
The broadcaster gave no date for the test, although officials had said on Friday that it would be tested "soon".
He also said Tehran will keep supporting the "oppressed people of Yemen, Syria and Palestine" a reference to Iran's role in the wars in Yemen and Syria and its support for Palestinian militant groups such as Hamas.
Iranian officials have argued that the measure only applies to missiles specifically created to carry nuclear warheads.
"You are seeing images of the successful test of the Khorramshahr ballistic missile with a range of 2,000 km, the latest missile of our country", state television said.
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On January 29, Iran test-launched a medium-range ballistic missile from a site near Semnan, east of Tehran, shortly after Trump took office.
Trump has threatened to trash the nuclear agreement, saying Iran is developing missiles that might be used to deliver a nuclear warhead when the deal's restrictions are lifted in 2025.
Thus far, the United Nations nuclear watchdog and the US State Department have reported that Tehran has complied with the terms of the nuclear deal.
"The missile has become smaller in size (compared to other Iranian ballistic missiles) and more tactical, and it will be operational in the near future", Hajizadeh told reporters on Friday.
Trump on Wednesday said he had made his decision, but was not yet ready to reveal it.
Under the pact, Tehran agreed to restrict its nuclear programme in return for the lifting of economic sanctions.