Iran Pushes $25B Nuclear Deal With Russia as IAEA Says 3 Months of War Did Nothing

Key Takeaways

• The IAEA confirmed Iran’s nuclear program is largely unchanged after 3 months of war, with 440.9 kg of 60% enriched uranium still in Iran
• A $25B Rosatom deal signed in September 2025 is now advancing to implementation, pushing Iran toward 8,000 MW regardless of what Washington decides
• Trump said Iran agreed not to pursue nuclear weapons, but US officials acknowledged talks remain ongoing and unresolved as of June 4

Iran’s nuclear program remains at the center of regional tensions. But the latest assessment from the International Atomic Energy Agency (IAEA) suggests the picture on the ground has changed less than many expected. An IAEA report released recently found that inspectors have seen few verifiable changes to Iran’s nuclear activities since the conflict with the US and Israel began more than three months ago. At the same time, Tehran is moving ahead with a major nuclear cooperation project with Russia. This adds another layer of complexity to ongoing diplomatic talks.

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Iran Still Has 440kg of Enriched Uranium, and Russia Keeps Building Regardless

According to the IAEA, Iran continues to hold 440.9 kilograms of uranium enriched to 60% purity. This level is just below weapons-grade. The agency noted that it has been unable to inspect facilities, including Fordow, Natanz, and Isfahan, since military strikes targeted the sites last year. This has left gaps in its visibility over Iran’s current stockpiles and operations.

The report also reiterated that Iran has not provided updated information on the status of its enriched uranium reserves. In its assessment, the agency said its overall understanding of the Iranian nuclear program remains largely unchanged from reports issued before the conflict.

While inspectors continue to seek access, Iran and Russia are advancing a separate long-term project. Iranian Ambassador Kazem Jalali recently confirmed that a $25 billion nuclear cooperation agreement signed with Russia’s state-owned Rosatom in September 2025 is moving toward implementation.

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The project includes four Generation III reactors at the Sirik site in Hormozgan province with a planned capacity of 5,020 megawatts. Together with Bushehr units two and three, which are already under construction, Iran’s nuclear power ambitions are moving closer to an estimated 8,000 megawatts of capacity.

The developments come as Washington and Tehran continue discussions over Iran’s nuclear activities. President Donald Trump recently expressed confidence that Iran would not pursue nuclear weapons. But administration officials have noted that negotiations remain ongoing and unresolved.

Russia has also continued to publicly back its relationship with Tehran. Speaking this week, Russian President Vladimir Putin described Iran as a “friendly state” and said Iranian leaders trust Russia.

Nuclear Talks Continue Despite Limited Changes on the Ground

The latest findings highlight a gap between military and diplomatic developments. The Iran war has reshaped regional politics and energy markets. Despite this, the core dispute over Iran’s nuclear activities remains unsettled.

The IAEA says it still lacks updated information on key nuclear materials. Meanwhile, Iran continues to expand civilian nuclear projects with Russian support. The real question is whether those ongoing negotiations can bridge those differences.

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