Iran moves centrifuges to Pickaxe Mountain
Analysis based on 11 articles · First reported Jul 21, 2026 · Last updated Jul 21, 2026
The revelation heightens geopolitical risk in the Middle East, potentially increasing oil price volatility and defense sector valuations. Uncertainty over a possible US strike on Iran's nuclear facilities may weigh on global markets and energy supply outlook.
Israeli intelligence believes Iran transferred thousands of uranium-enrichment centrifuges to tunnels deep inside Pickaxe Mountain (Mount Kolang) after the June 2025 war, according to The Wall Street Journal. The site, located near Iran — Natanz, is buried 90-140 meters under solid rock. Israel shared the intelligence with the United States. Prime Minister Benjamin Netanyahu urged President Donald Trump to resume large-scale strikes on Iran. Trump publicly identified Pickaxe as a possible target, stating the US is prepared to attack. The US has intensified strikes over the past 10 days. The Institute for Science and International Security reported continued construction activity at the site. The IAEA has been denied access and has no information on activities there. Iran denies seeking nuclear weapons but has produced uranium enriched to 60%.
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