"Western countries think they have succeeded to create a new problem for Iran by reducing the price of oil but this will not put Iran under any pressure," Rouhani was quoted as saying by the IRNA news agency. "The era of threats and sanctions is over," he stressed.
Rouhani said that Tehran forecast the drop in oil prices and planned only 33 percent of its income and 60 percent of its export turnover to come from oil, Mehr News Agency reported.
The president has also urged the members of P5+1 group comprising Russia, the United States, the United Kingdom, France, China and Germany to adopt a rational approach in its talks with Iran over its controversial nuclear program.
Tehran has been targeted by sanctions imposed by the United States, the UN Security Council, the European Union, and a number of other countries over the allegations that Iran is trying to produce nuclear weapons. The Iranian government has repeatedly denied such allegations, claiming that its nuclear program is purely aimed at meeting the country's growing energy needs.
The latest round of talks between Iran and the P5+1 group, held in November in Vienna, did not produce a comprehensive deal on Iran's nuclear program and the sides agreed to continue the discussions until July 2015.