Recent diplomatic proposals mediated by Qatar have linked potential Iranian steps on its roughly 440-kilogram stockpile of 60 percent enriched uranium to IAEA inspections, sanctions relief, and reopening the Strait of Hormuz, though Tehran has publicly ruled out transferring the material outside its control. The IAEA continues to press for access to verify the stockpile's status following 2025 strikes, while U.S. officials have signaled no immediate timeline pressure and Iran conditions further nuclear talks on prior concessions. These developments sustain trader consensus reflected in current market pricing that an agreement to surrender the stockpile remains unlikely before year-end, with resolution hinging on verifiable compliance mechanisms and phased implementation.