BlockBeats News, May 8th, the United States and Iran may be close to reaching an interim agreement. Several key U.S. demands, such as Iran suspending nuclear activities, limiting its missile program, and ending support for so-called "proxy forces" were not included in the draft agreement. This still-evolving agreement is based on a one-page short-term memorandum instead of a comprehensive peace deal, reflecting deep divisions between the two sides and indicating that the agreement is only a transitional step.

Officials familiar with the matter stated that Iran is reviewing the agreement draft aimed at halting hostilities but leaving the most contentious issues to be resolved later. The agreement will consist of three stages: first, a formal cessation of hostilities, followed by addressing the Strait of Hormuz crisis, and finally initiating a 30-day negotiation window to strive for a broader agreement. The agreement does not address key U.S. demands such as Iran suspending nuclear activities and reopening the Strait of Hormuz. Furthermore, the agreement does not mention several U.S. demands that Iran has rejected, such as limiting Iran's missile program and demanding Iran stop supporting so-called "proxy militant groups" like Hezbollah in Lebanon. (Xinhua News Agency)