Iran has faced repeated domestic calls for NPT withdrawal, including draft legislation in Iran’s parliament in March 2026 and a July 2026 statement from a presiding board member urging immediate exit, triggered by U.S.-Israeli strikes on nuclear sites, snapback sanctions concerns, and IAEA access disputes. Officials have suspended cooperation with the agency while framing any exit as leverage or a last resort rather than an imminent step. Iran continued participating in the 2026 NPT Review Conference without advancing a formal withdrawal notification or vote, consistent with its long-standing emphasis on Article IV rights to peaceful nuclear activities. Active multilateral diplomatic channels and the high costs of full isolation have reinforced trader consensus that formal departure before 2027 remains unlikely absent a decisive escalation.