US and Israeli airstrikes in June 2025, followed by additional US action in February 2026, targeted enrichment sites at Natanz, Fordow, and Isfahan, damaging centrifuges, facilities, and access to Iran's stockpile of roughly 440 kg of 60% enriched uranium. IAEA inspectors lost access after the initial strikes, and US intelligence assessments indicate Iran's estimated breakout timeline to weapons-grade material and a deliverable device remains around nine to twelve months. Iranian officials have stated the material lies buried under rubble with no recovery plans underway, while Director of National Intelligence assessments confirm no resumption of enrichment. Ongoing diplomatic talks have centered on demands for dismantlement and material removal, but progress remains limited amid persistent verification gaps. These verified setbacks underpin trader consensus that a completed nuclear device before 2027 is improbable.