Mojtaba Khamenei has issued more than two dozen written statements since his March 2026 appointment as Supreme Leader following his father’s assassination in February strikes, yet no authenticated photographs, videos, or in-person public appearances have surfaced. Iranian officials cite ongoing security threats from the U.S.-Israel conflict as the reason for his seclusion, while President Masoud Pezeshkian and family members have described private meetings and confirmed his health without releasing visual proof. Written messages continue to address military appointments, Muslim unity against the U.S. and Israel, and domestic policy. Major religious or state events through year-end, including potential funeral observances or commemorations, represent the clearest near-term catalysts that could prompt a verified appearance and shift trader assessments of the timeline.