Most of Iran’s enriched uranium is likely located at the Isfahan nuclear complex, and the IAEA is gathering information on the state of Iranian nuclear sites following US and Israeli airstrikes. Russia is in discussions with the IAEA to assist with the extraction of enriched uranium, and US President Donald Trump urged Putin to be more involved in ending the war in Ukraine. The IAEA is engaged in discussions with both Iran and the US, but is not participating in ceasefire negotiations.
Discussions between the IAEA, Russia, and the US are underway regarding the extraction of Iran’s enriched uranium from the Isfahan Nuclear Technology Center, potentially increasing the likelihood of Iran surrendering nuclear materials. Market pricing reflects this possibility, showing an upward trend. Future official announcements from the IAEA, US, and Russia will be crucial in determining market movements.