A handout picture provided by Iranian presidential office on Feb 10, 2021 shows Iranian President Hassan Rouhani speaking in a live TV speech marking the 42nd anniversary of the 1979 Islamic Revolution, in Tehran. (IRANIAN PRESIDENCY / AFP)

TEHRAN - Iranian President Hassan Rouhani on Wednesday said that Iran will honor its nuclear commitments in case the other parties do so.

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"The day when we witness the implementation of the (nuclear deal) obligations by the P5+1, we are ready to implement our obligations in the nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA)," Rouhani said on the occasion of the anniversary of the Islamic Revolution which was broadcast live on state TV.

The day when we witness the implementation of the (nuclear deal) obligations by the P5+1, we are ready to implement our obligations in the nuclear deal.

 Hassan Rouhani, Iranian President

The P5+1 refers to the five permanent members of the UN Security Council - the United States, Britain, Russia, France, China, plus Germany and the European Union, who signed the JCPOA deal with in Iran in 2015 to end Iran's controversial nuclear program.

Referring to the "failure" of maximum pressure campaign of the former US president against Iran, Rouhani said that "the era of economic war is over, and there is no more war and no maximum pressure."

He called the regional and international players for talks with Iran over diverse issues, saying that "dialogue would be the political path for the world to come to agreement with Iran."

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Iranians attended nationwide rallies on Wednesday to celebrate the 42nd anniversary of the victory of the Islamic Revolution.

Despite the previous years when mass participation of people in the rallies featured the occasion, the participants attended the demonstration this year using their cars, motorcycles and bicycles.