Mojtaba Khamenei, Iran's Supreme Leader since March 2026 following his father Ali Khamenei's assassination amid the ongoing conflict, has issued only written statements without any verified public appearance, video, or audio since taking office. Security concerns tied to the war with Israel and the United States, combined with reports of injuries sustained in the February 2026 airstrike that also killed family members, have kept him from events including his father's July funeral. Iranian officials cite protective measures and describe meetings with figures such as President Pezeshkian, yet these remain unconfirmed by direct evidence, sustaining trader focus on the absence. Religious commemorations or state ceremonies through late 2026 could prompt a shift if security conditions allow, though the pattern favors continued low-visibility governance via institutions and written directives.