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.
Iranian media also reports that Foreign Minister Araghchi held separate phone calls with Turkish, Qatari, Egyptian, Saudi, Iraqi and Azerbaijani foreign ministers on Friday morning to brief them about the latest initiatives and stances by Iran in relation to the termination of the war.
This article was written by Adam Button at investinglive.com.