Amid escalating U.S.-Iran conflict, including recent strikes on Isfahan steel plants and President Trump's April 1 declaration that no deal is needed to end the war, Iranian President Masoud Pezeshkian issued an open letter to the American public that day, denying enmity toward ordinary citizens and urging rejection of war propaganda while leaving room for diplomacy. Still in office nearly two years into his term, Pezeshkian—a reformist—faces mounting internal pressures from hardliners, evidenced by March resignation rumors following reported killings like Ali Larijani's and officials' departures, amplifying regime instability. Trader consensus prices in elevated risk of his removal by year-end via resignation, ouster, or other means, with further airstrikes, IRGC maneuvers, or Supreme Leader decisions as pivotal upcoming catalysts.