Iran has rejected a peace initiative presented by US President Donald Trump consisting of 15 points aimed at resolving the ongoing conflict, according to a report by the state-run Press TV.

Sources from within Iran cited an unnamed senior political-security official, who outlined five of Tehran's conditions for ending the war, which include reparations for damages incurred during the hostilities. This list is reported to bear no resemblance to Trump's proposals, which were made public by Israel's Channel 12.

The US's demands include Iran committing to not develop nuclear weapons and allowing the reopening of the strategically important Strait of Hormuz, through which a significant volume of global oil supply passes.

The conflict intensified on February 28, following US and Israeli air strikes aimed at neutralizing perceived threats from Iran, prompting Iran to retaliate against US allies in the Gulf.

Recently, Trump stated that Iran showed signs of desperation for negotiations, suggesting that Iranian negotiators had presented the US with a significant offer relating to oil and gas, although further details were not disclosed.

Iran's parliament speaker has dismissed the notion of entering talks with the US, labeling such claims as manipulating market sentiments in light of the US and Israel's precarious situation.

In summary, tensions continue as Tehran showcases its own set of requirements for peace, refusing to yield to US demands.