Mojtaba Khamenei holds overwhelming market consensus as Iran's Supreme Leader through the end of 2026 following his March 2026 appointment by the Assembly of Experts after Ali Khamenei's death in late February U.S.-Israeli strikes. His strong institutional ties to the IRGC and Basij, combined with the swift dissolution of the interim leadership council, have reinforced continuity amid regional conflict and internal stability concerns. Recent U.S. rewards program actions and health speculation tied to his limited public appearances have not shifted trader assessments, as Iranian officials including President Pezeshkian have affirmed his active role through direct meetings and policy direction. Other listed contenders, such as Alireza Arafi or Mohammad-Bagher Ghalibafi, remain sidelined by the established succession outcome and lack comparable backing within key clerical and security structures.