Iranian Deputy Foreign Minister: The International Atomic Energy Agency's loss of oversight over some nuclear sites is due to military attacks

The Iranian Deputy Foreign Minister stated that the International Atomic Energy Agency’s diminished oversight of specific nuclear facilities is a direct consequence of ongoing military strikes against the country. This development heightens geopolitical risk premiums, as the erosion of international monitoring mechanisms complicates diplomatic efforts to contain regional nuclear proliferation. Energy markets remain the primary transmission channel for this volatility, as heightened tensions in the Middle East threaten to disrupt critical maritime transit corridors and regional crude production infrastructure. Traders are now assessing the potential for a broader escalation that could trigger a significant supply disruption premium in global oil benchmarks. Market participants will focus on the upcoming IAEA Board of Governors meeting to determine whether these transparency gaps will lead to formal censure or a further breakdown in international nuclear diplomacy.

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