Recent U.S.-Israeli strikes in February 2026 targeted Iran's key enrichment sites at Natanz, Fordow, and Isfahan, causing documented damage to facilities and infrastructure that has delayed any near-term weapons pathway. IAEA assessments confirm impacts on entrances and operations, while official U.S. and Iranian statements indicate no resumption of uranium enrichment to high levels since the attacks. A June 2026 bilateral memorandum reaffirmed Iran's commitment against developing nuclear weapons, amid stalled earlier negotiations and ongoing monitoring of stockpiles trapped or degraded by prior actions. These developments underpin trader consensus that acquisition before 2027 remains highly improbable, though further diplomatic or military shifts could alter timelines.