Mojtaba Khamenei has issued written statements and received accounts of private meetings since his March 2026 appointment as Iran's Supreme Leader following his father's death in U.S.-Israeli strikes, yet no independently verified photograph, video, or public address has emerged. Iranian officials cite security risks amid ongoing conflict, while family members and President Masoud Pezeshkian have described him as recovered and active in closed settings. Trader assessments reflect this sustained absence despite repeated official assurances, with resolution hinging on authenticated visual evidence rather than statements alone. Potential catalysts include scheduled religious observances, state ceremonies, or shifts in the regional security environment that could prompt an appearance before year-end deadlines.