Mojtaba Khamenei has served as Iran's Supreme Leader since his appointment by the Assembly of Experts on March 8, 2026, following his father Ali Khamenei's death in February strikes, yet he has issued no verified public appearances, videos, or audio recordings. Iranian officials cite security risks from ongoing conflict with the United States and Israel as the reason for his seclusion, while releasing written statements and occasional undated clips attributed to him. President Masoud Pezeshkian has described multiple meetings with the leader, including one lasting over seven hours, and affirmed his recovery from reported injuries to his face and legs. Recent accounts from family members, such as his mother-in-law, claim he attended his father's burial in Mashhad in good health. These factors, alongside unconfirmed rumors of his condition and the regime's reliance on indirect communications, shape trader assessments of when an authenticated public appearance might occur.