Mojtaba Khamenei assumed Iran’s supreme leadership role shortly after his father Ali Khamenei’s death in a February 2026 U.S.-Israeli strike that also wounded Mojtaba. He has issued no public appearances, videos, or verifiable direct communications since, prompting ongoing regime statements attributing decisions to him while citing security needs tied to the conflict. Iranian officials, including President Masoud Pezeshkian, have described meetings confirming his involvement and improving health, yet persistent rumors of grave injuries or worse have circulated without independent confirmation. Analysts and sources indicate he remains in protected domestic sites, with little evidence supporting unverified claims of departure for treatment abroad. Ongoing tensions, potential diplomatic talks, and any shift in assassination risks or conflict status represent the main variables traders monitor for movement in probabilities around his location.