Iranian President Hassan Rouhani has warned the USA against any attempt to stop Tehran's oil trade, threatening to block the strategically important Strait of Hormuz.
The deal was thrown into doubt by the US decision to withdraw from a 2015 nuclear deal between Tehran and major powers and reimpose sanctions, part of which are due to resume from Tuesday.
Iran Air announced it would take delivery of five ATR aircraft from the French-Italian firm on Sunday, sneaking under the wire before the sanctions return.
ATR, jointly owned by European consortium Airbus and Italy's Leonardo, has been pushing US officials to allow it to finish its delivery of aircraft to Iran.
Iran's actions in the globally significant waterway raised concerns last week after a United States assessment found IRGC assembled a fleet of more than 100 boats and hundreds of Iranian troops were expected to participate.
The three European signatories to the nuclear deal, the United Kingdom, France and Germany agreed with China and Russian Federation last month to continue to support Iran through the reimposition of USA sanctions.
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The controversial move was preceded by a deadly crush of Hajj pilgrims in September 2015, which killed more than 460 Iranians.
Iran had hoped the lifting of sanctions would allow it to replace its aging commercial airline fleet, but the USA withdrawal has halted billion-dollar deals struck with Airbus and Boeing.
The Trump administration wants Iranian oil exports cut to zero by November 4.
The U.S. also said that it would exert "maximum economic and diplomatic pressure" on other countries to stop buying crude oil from Iran. The strait at the mouth of the Persian Gulf is crucial to global energy supplies as about a third of all oil traded at sea passes through it.
In July, Beijing lifted monthly oil imports from Iran by 26 percent.
"This exercise was conducted with the aim of controlling and safeguarding the safety of the worldwide waterway and within the framework of the program of the Guards' annual military exercises", Guards spokesman Ramezan Sharif said, according to IRNA.
As reported, the figures for July imports of Iranian oil were about 85 percent higher than last year's shipments for the same period which were about 415,000 bpd. He did not elaborate.