Mojtaba Khamenei has not made a public appearance or released video or audio since succeeding his father as Iran's Supreme Leader in early March 2026 following Ali Khamenei's death in US-Israel strikes. Iranian officials cite security risks and minor injuries as reasons for his seclusion, while he continues directing military and diplomatic affairs through written statements, private meetings, and intermediaries. President Masoud Pezeshkian confirmed a two-and-a-half-hour in-person meeting in early May, and state media reported a subsequent session with armed forces commanders, providing indirect verification of his active role. These developments sustain trader focus on whether security conditions or political calculations will prompt an imminent public appearance amid ongoing regional tensions.