Iran live updates: Trump threatens Iran infrastructure strikes if talks fail

Press TV, Iran's English language state media, is quoting an official saying Iran is rejecting the U.S.'s 15 point proposal to end the war.

"Iran will end the war when it decides to do so and when its own conditions are met," the official said.

Press TV says the "official outlined five specific conditions under which Iran would agree to end the war."

According to Press TV, the conditions include a complete halt to "aggression and assassinations;" the establishment of concrete mechanisms to ensure that the war is not reimposed on Iran; guaranteed and clearly defined payment of war damages and reparations; and the conclusion of the war across all fronts and for all resistance groups involved throughout the region.

Iran also wants recognition over its sovereignty over the Strait of Hormuz and assurance that it will remain Iran's natural and legal right, and it constitutes a guarantee for the implementation of the other party's commitments, according to Press TV.

In a video released Wednesday, an Iranian military spokesperson said the U.S. was negotiating with itself.

"The strategic power you boasted of has turned into a strategic defeat. The claimant of global superpower status, if it could have escaped this predicament, it would have done so by now," Ebrahim Zolfaqari, a spokesman for the Iranian military, said in a video statement.

"Do not call your defeat an agreement," Zolfaqari said. "Has the level of your internal discord reached the point where you are negotiating with yourselves?"

"There will be neither any sign of your investments in the region, nor will you see previous energy and oil prices, until you understand this: stability in the region is guaranteed by the powerful hand of our armed forces," he added.

"Stability comes through power. We state explicitly: Until such time as it is our will, no situation will return to its previous state. That will arise only when the very idea of taking action against the Iranian nation is completely erased from your corrupt minds," Zolfaqari added.

The Philippines is now the first country to declare a state of emergency in response to the chokehold of oil in the Hormuz Strait. The price of petrol has more than doubled there since the Iran war began last month.

By declaring a "state of national energy emergency," the government can control fuel prices and fast-track imports from other sources.

Authorities say they have around 45 days left of fuel based at normal consumption levels.

Iranian Foreign Ministry spokesperson Esmaeil Baghaei told the India Today television channel on Wednesday that there are no ongoing talks between the U.S. and Iran.

"There is no talks or negotiations between Iran and the United States," and there have "not been such negotiations for the past 25 days of the illegal war against Iran," Baghaei said. "No one can trust U.S. diplomacy."

"Our position is very clear," Baghaei said. "Our brave forces are focused on defending Iran's territory and sovereignty."