Iranian state media reports that Iran has submitted its latest peace proposal to the US via Pakistani mediators. Oil prices fell on this headline and S&P 500 futures are now up 23 points to 7268.The virtually identical report was also picked up by Axios' US war mouthpiece Barak Ravid who writes:Iran delivered on Thursday to the U.S. through the Pakistani mediators its response to the latest U.S. amendments on the agreement to end the war, a regional source tells me....Iran transferred its response to the U.S. amendments to the draft agreement to end the war to the United States on Thursday via Pakistani intermediaries, according to a regional source.Al Jazeera also briefly had the same report but deleted it.Notably, all of them said that Iran submitted the proposal yesterday and -- what do you know -- yesterday there was a huge drop in oil prices and a enormous rally in risk assets. I'm sure that was a coincidence. This article was written by Adam Button at investinglive.com.