Israel Today: Ongoing War Report - Update from 2026-05-02 at 03:01

HEADLINES
IAEA Says Most Enriched Uranium at Isfahan
Blockade Slashes Iran Oil Revenue Five Billion
Nobitex Funnels Millions for IRGC

The time is now 3:01 AM in New York, I'm Noa Levi and this is the latest Israel Today: Ongoing War Report.

In Direct Israel-Iran Clashes, the IAEA chief Rafael Grossi says the majority of Iran's enriched uranium is likely at the Isfahan nuclear complex, a site that was struck in the June 12-day war and in the later operations Roaring Lion and Epic Fury. Satellite imagery continues to track the effects of the airstrikes on Iran's nuclear facilities. A June 9, 2025 Airbus image showed a truck carrying 18 blue containers entering the Isfahan Nuclear Technology Center, containers thought to hold highly enriched uranium and likely not moved since. Grossi cautioned that IAEA statements about nuclear materials and site status are estimates while Iran has not permitted inspections; inspectors have not been able to access the site and seals remain in place, and he expressed hope the IAEA would be able to visit when possible.

In US Military Role, the Department of Defense estimates Iran has lost nearly $5 billion in oil revenue due to the blockade of the Strait of Hormuz, with over 40 vessels carrying oil and other contraband redirected since the blockade began on April 13. Two ships were seized by the US, and 31 tankers carrying about 53 million barrels of Iranian oil are stuck in the Gulf of Oman, valued at more than $4.8 billion. Iran is reportedly running out of storage capacity for the oil it is producing and may reach capacity within 15 to 60 days. A US official described the blockade as “working to perfection,” noting there is no economic trade going into or out of Iran, with oil stored onshore and on floating storage aboard Very Large Crude Carriers.

In the Conflict with Iran and its Regional Proxies, Nobitex, Iran's largest cryptocurrency exchange, is described as a conduit used by the IRGC to move millions of dollars. The exchange is controlled by two brothers from the Kharrazi family, close to Iran’s new supreme leader, and has processed tens to hundreds of millions of dollars in transactions linked to sanctioned groups, including Iran's central bank and the IRGC. Nobitex claims about 11 million users, more than 10% of Iran's population, who rely on the exchange to buy and hold cryptocurrency amid sanctions. The platform has avoided designation by Western sanctions authorities.

In Uplifting News, OneFamily organized Remembrance Day in Jerusalem with more than 1,000 bereaved family members gathered for the ceremony at the Haas Promenade. The event provides a safe space for bereaved parents, siblings, spouses, children, and grandparents to speak openly about their loss and how they carry memory forward. This year’s theme was “Option B,” shaping remarks from OneFamily co-founder and chairwoman Chantal Belzberg, recipient of the 2026 Israel Prize, who spoke of the enduring wish that their loved ones could return and, when that cannot happen, the strength to keep living, to remember, and to move forward.

Thank you for tuning in to this Israel Today: Ongoing War Report update.
I'm Noa Levi. Stay safe and informed.
Keep in mind that this AI-generated report may contain occasional inaccuracies, so consult multiple sources for a comprehensive view. Find the code and more details in the podcast description.

SOURCES
https://www.jpost.com/middle-east/iran-news/article-894864
https://www.jpost.com/middle-east/iran-news/article-894867
https://www.jpost.com/middle-east/iran-news/article-894869
https://www.jpost.com/israel-news/article-894793