The Iranian regime's institutional continuity after the February 2026 U.S.-Israeli strikes and the death of Supreme Leader Ali Khamenei underpins trader expectations that it will remain in power through June 30. Mojtaba Khamenei succeeded his father within days via established clerical procedures, while the Islamic Revolutionary Guard Corps consolidated authority and suppressed subsequent protests. U.S. intelligence assessments have repeatedly found no signs of imminent collapse or military defections, even amid economic strain and regional military setbacks. With only weeks remaining before the deadline and no major new diplomatic or internal fractures reported, the current leadership structure and security apparatus continue to demonstrate resilience against rapid overthrow.
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