Iran’s Supreme Leader Mojtaba Khamenei has issued written statements and authorized appointments since his March 2026 selection by the Assembly of Experts but has made no authenticated public appearance, video, or audio recording since the February 28, 2026 strikes that killed his father. Iranian officials cite security risks amid the ongoing regional conflict, while reports note possible injuries and a more collective decision-making structure that reduces the need for personal visibility. Recent claims include President Masoud Pezeshkian’s accounts of private meetings, a purported handwritten letter, and family assertions of good health, yet these have not produced verifiable visual evidence. Traders monitor religious observances, state funerals, or major policy announcements through year-end for any shift, as continued seclusion reflects both protective measures and institutional adaptations following the leadership transition.