Mojtaba Khamenei, appointed Supreme Leader in early March 2026 following his father’s assassination, has issued multiple written statements read on state television but has made no verified public appearance or video address as of mid-May. Iranian President Masoud Pezeshkian confirmed a private two-and-a-half-hour meeting with him on May 7, providing the first official senior-level acknowledgment of direct contact since the appointment. Ongoing regional tensions with the United States and Israel, combined with persistent health speculation, have kept Khamenei’s visibility low, with regime messaging instead relying on rallies, AI-generated clips, and attributed statements. Traders are monitoring scheduled diplomatic engagements, state media broadcasts, and any Assembly of Experts announcements through the coming weeks for signals that could shift the timeline for a live appearance.