Earlier in the day, Iran welcomed the International Court of Justice's (ICJ) ruling, stating that "the decision proved once again that the Islamic Republic is right and the U.S. sanctions against the people and citizens of our country are illegal and cruel".
Yusuf added that if the United States does not lift the ban on airplane parts, there is a "potential to endanger civil aviation safety in Iran and the lives of its users".
US sanctions against Iran were previously lifted under the 2015 Iran nuclear deal, which President Donald Trump withdrew from in May. "This is a decision, frankly, that is 39 years overdue", Pompeo told reporters on Wednesday, referring to the date of the 1979 Islamic revolution.
"I'm announcing that the United States is terminating the 1955 Treaty of Amity with Iran".
The country's top diplomat said the USA would continue to provide humanitarian assistance but called on Iranian officials to do more to protect their citizens instead of spreading terror around the globe.
"The decision proved once again that the Islamic Republic is right and the USA sanctions against people and citizens of our country are illegal and cruel", Iran's foreign ministry answered in a statement.
"It is imperative for the global community to collectively counter malign US multilateralism", he said.
During four days of hearings in late August, Iran's lawyers accused Washington of "strangling" its economy.
Iran's Foreign Ministry welcomed the ruling as a "clear sign" that "Iran is in the right".
Iran dragged the U.S. to the ICJ in July, and during four days of hearings in late August, its lawyers accused Washington of "strangling" its economy.
President Donald Trump in May announced a renewal of tough USA sanctions on the Islamic Republic after abandoning the multilateral Iran nuclear agreement over its ballistic missile program.
Ahead of the decision, Iranian Foreign Minister Mohammad Javad Zarif said that the sanctions were a form of "psychological warfare" aimed at regime change.
"Imperative for int'l community to collectively counter malign United States unilateralism", he added in a tweet.
Washington however forcefully told the court - which rules on disputes between United Nations member states - that it has no jurisdiction to rule on this case as it concerns a matter of national security. Iran had alleged that the sanctions breach the 1955 bilateral agreement known as the Treaty of Amity, from when the two countries had good relations, that regulates and promotes economic and diplomatic ties between the two countries.
"Having negotiated that deal and having been involved in this process for a very long time, I can assure President Trump that the USA will not get a better deal", Zarif said.
FILE PHOTO: The International Court of Justice headquarters in The Hague, Netherlands August 27, 2018.
"The 1955 US-Iran treaty provided a tool for resolving disputes when diplomacy failed", noted Trita Parsi, founder and president of the National Iranian American Council (NIAC).