US and Israeli airstrikes in June 2025 and February 2026 damaged key Iranian enrichment sites at Natanz, Fordow, and Isfahan, with subsequent assessments indicating the program faces multi-year setbacks. Director of National Intelligence Tulsi Gabbard testified in March 2026 that enrichment has not resumed, while IAEA reports note limited or no access to affected facilities and an unverified stockpile of highly enriched uranium likely buried under rubble. Iranian officials have stated no plans to recover the material, and President Trump has publicly assessed that Tehran is currently incapable of producing a weapon. Ongoing diplomatic talks and satellite monitoring of reconstruction attempts at secondary sites reinforce trader expectations that a completed nuclear device remains unlikely before 2027.