According to Xinhua News Agency, the United States and Iran may be close to reaching a temporary agreement, centered around a one page short-term memorandum that does not include key demands from the US such as suspending nuclear activities and limiting missile programs. The agreement is divided into three stages: ending the war, resolving the crisis in the Strait of Hormuz, and opening a 30 day negotiation window to strive for a broader agreement. According to informed officials, Iran is currently reviewing the draft and the disputed issues will be left to be resolved in the future.