**IAEA access to Iran's damaged enrichment facilities at Isfahan, Fordow, and Natanz remains restricted following U.S. and Israeli strikes that hit the sites in 2025 and 2026.** Iran has not permitted inspectors to return to these locations since the attacks, citing a parliamentary law on attacked sites, the need for new security protocols, and concerns over the IAEA's neutrality. Director General Rafael Grossi has confirmed no additional damage at Fordow and Natanz since a recent strike but noted the agency lacks information on enriched uranium stockpiles and the status of underground facilities, including a new enrichment plant at Isfahan. Ongoing diplomatic talks have produced limited progress, with Iran conditioning visits on broader agreements while the IAEA continues verification only at unaffected sites such as Bushehr. Trader pricing reflects these barriers, with low implied probabilities for near-term access absent a verified interim understanding or major diplomatic breakthrough.