Mediators offer Iran a 10-day ceasefire to revive interim deal with the US

Reuters, citing a senior Iranian official, reported on Monday, July 20, 2026 that mediators had passed Tehran a proposal involving a 10-day ceasefire to find a way to revive the interim deal reached last month between Iran and the United States.

The 14-point interim agreement struck in June envisaged a halt to hostilities, the resumption of commercial shipping through the Strait of Hormuz, and up to 60 days of talks toward a final accord. It stalled over differing interpretations of its provisions, the revocation of waivers for Iranian oil exports, and disputes over Iran's frozen assets.

Reuters said it was not immediately clear whether Tehran had accepted the proposal. The report coincided with Brent crude pulling back from around 90 dollars and a modest improvement in global risk appetite.