Mojtaba Khamenei assumed Iran’s supreme leadership in March 2026 after his father’s assassination amid open conflict with the United States and Israel. He has issued written statements on issues including Strait of Hormuz policy but has made no public appearances or video addresses, with credible reporting citing serious injuries that required surgeries and limited his mobility. Iranian officials, including President Pezeshkian, confirmed in-person meetings with him in Tehran as recently as early May, while IRGC-aligned figures have consolidated influence around his office. These factors have kept trader focus on whether health constraints or internal power shifts could prompt an unannounced departure by the June 30 resolution date, though no verified exit has occurred.