Iran's new Supreme Leader Mojtaba Khamenei, selected by the Assembly of Experts on March 8, 2026, following his father Ali Khamenei's death in late February US-Israeli strikes, has maintained a low public profile amid ongoing conflict. US intelligence assessments indicate he remains in an undisclosed domestic location with restricted access, relying on couriers, after surviving an earlier strike by minutes. Early unconfirmed reports of injury or possible evacuation to Moscow circulated in March but were countered by Iranian officials stating he is in full health and directing operations from inside the country. No verified departures have occurred, with trader focus tied to the trajectory of military actions, diplomatic negotiations, and any shifts in his security posture that could prompt relocation.