Mojtaba Khamenei assumed Iran's supreme leadership in March 2026 after his father Ali Khamenei was killed in US-Israeli strikes, an event in which Mojtaba was reportedly injured. Since then he has issued only written statements and conducted private meetings with officials such as the president and judiciary chief, with no independently verified photographs or videos released. Iranian diplomats and state media attribute the absence to heightened security risks amid ongoing regional conflict, while affirming his health and continued exercise of authority. Trader consensus reflects these constraints, as public exposure would require either a deliberate policy shift or a major scheduled event such as a national memorial or Friday prayer that draws credible visual confirmation. De-escalation in hostilities or internal pressure for visible leadership could alter the timeline before year-end.