Oil prices fall as market participants balance the impact of reported US-Iran strikes against developments aimed at easing tensions. One report says Tehran acknowledges receiving a mediator proposal for a 10-day ceasefire, framed as an effort to preserve an interim peace deal signed on June 17. This mediation push is presented as a factor that helps offset concerns that renewed hostilities could disrupt oil supplies. The other outlet also links the price decline to mediation efforts counteracting the perceived effects of US-Iran strikes. Together, the coverage indicates that traders are reacting not only to the immediate security developments, but also to the prospects for a short pause in fighting and continued diplomatic efforts tied to the earlier interim arrangement. While the reports agree on the direction of oil prices and the existence of mediation proposals, they do not provide additional details on implementation, acceptance terms, or timing beyond the proposed ceasefire duration.