Tehran has suggested in recent weeks that it could take military action in the Gulf to block other countries’ oil exports in retaliation for U.S. sanctions intended to halt its sales of crude.
Washington maintains a fleet in the Gulf that protects oil shipping routes.
"In addition to a show of strength, this ceremony is a message of peace and friendship for friendly and neighboring countries," Colonel Yousef Safipour, the deputy commander of the army for public relations said, according to the Islamic Republic News Agency (IRNA).
"And if the enemies and arrogant powers have an eye on the borders and land of Islamic Iran they will receive a pounding reply in the fraction of a second."
Mirage, F-4 and Sukhoi-22 jets took part in the exercise on Friday, according to IRNA.
The Islamic Republic has a large naval military drill, including approximately 600 naval vessels, planned on Saturday, IRNA reported.
Separately, a prominent Iranian cleric said Friday that the time had come for Israel to say goodbye. He did not give any further information on what that could mean.
"Mr. Netanyahu, you and your intelligence services know well that the time to say goodbye has arrived and what position of strength the resistance of Hezbollah and the people of Gaza are in," Hassan Abu-Torabi Fard, the temporary Friday prayers leader in Tehran, said, according to Fars News.
(Reporting By Babak Dehghanpisheh)