Iran on Wednesday claimed it has the capability to destroy US bases “within minutes.”

US "bases are all in range of our missiles, and the occupied lands [Israel] are also good targets for us," Revolutionary Guard commander Amir Ali Haji Zadehthe Fars news agency.

The three-day Great Prophet 7 training exercise - which simulated rapidly releasing batteries of hundreds of guided missiles and Iran-made drones at mock-ups of US bases - wrapped up on Wednesday.

Zadehthe claimed that 35 US bases are within the 2,000 km range of Iran’s rockets, although the actual number of bases within this area is closer to 10.

Iran's bellicose rhetoric comes amid rising tension between Iran and the US, already locked in a long-running stand-off over Iran’s nuclear program.

Washington, the European Union, Gulf Arab states, and Israel all believe Iran is pursuing nuclear weapons in contravention of the Nuclear Non-Proliferation Treaty.

Worldwide sanctions led by Washington and its European allies have reduced Iranian oil export volumes by 40 percent in the past year.

In response, earlier this week, Iranian deputies again proposed a blockade of the vital Strait of Hormuz through which a fifth of the world's oil flows.

The US immediately upped its already strong naval presence in the region as a warning to Iran.

Meanwhile, on-going talks between Tehran and the world powers in Istanbul have so far failed to find a compromise on the Islamic Republic’s nuclear ambitions.