Iran's new Supreme Leader Mojtaba Khamenei was selected in early March 2026 following the death of his father Ayatollah Ali Khamenei in late February U.S.-Israeli strikes, yet he has issued statements only through written messages or intermediaries while recovering from severe injuries sustained in the same attack. Ongoing regional conflict, including threats of further targeted actions against Iranian leadership, combined with his limited public visibility and reliance on secure or remote coordination, have prompted trader focus on whether security or medical needs could lead to travel outside the country. Key factors include the Assembly of Experts transition process, IRGC influence on decision-making, and any diplomatic openings that might affect his movements before potential resolution deadlines.