1) Concentrated nitric acid renders the iron passive through - a small amount of Fe2O3 is formed and coats the metal, but that cannot be oxidised any further and the reaction then stops.
2) Conc nitric acid is a strong oxidising agent converts the metal into ferric oxide which forms an insoluble protective coating on it. Since the metal loses contact with acid, the reaction stops. A chemically active metal becomes passive- unreactive.