Parliament Speaker Ali Larijani said the parliament's vote to approve the motion was just the first step, adding that if Washington proceeds with its anti-Tehran policies, the law will take effect. A total of 240 parliamentarians out of 244 present voted for the bill.
In response to the launch, President Trump signed a bill outlining new sanctions against several Iranian groups, freezing funds and outlawing US citizens from doing businesses with the targets.
Iran's parliament on Sunday approved an increased budget for the country's ballistic missile programme and the regional operations of its Revolutionary Guard, in defiance of USA sanctions imposed last month over Tehran's testing of new missile technology.
Tehran says the measures violate a 2015 deal with world powers that eased sanctions in exchange for curbs on its nuclear programme. In response to this, Iran complained to the UN Security Council about the USA sanctions and accused Washington of breaching the nuclear deal.
Deputy foreign minister Abbas Araqchi told members of parliament that the government supported the new bill.
Video of Conor McGregor vs Paulie Malignaggi sparring session 'knock down' released
McGregor said he posted only the first photo intentionally, claiming the second photo of the grounded Malignaggi "got leaked". Conor McGregor and former sparring partner Paulie Malignaggi had a much-publicised falling out recently.
It will also require Iran's government and armed forces to draw up a plan to counter U.S. violations of human rights around the world and to support Iranian bodies and individuals affected by sanctions.
The Iranian legislation must pass a second vote before submission for final approval.
Mr Trump has recently backed away from his key campaign promise to withdraw from the nuclear agreement. A string of close encounters between U.S. ships and Iranian vessels in the Gulf in recent months has added to the tensions between the two countries.
The move came after the US House of Representatives and then the Senate passed a sweeping package of bills on sanctions against Iran, Russia, and North Korea.
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