The U.S. government has issued no official statements, State Department actions, or diplomatic recognitions designating Reza Pahlavi as leader of Iran, leaving trader consensus heavily weighted toward “No” through the end of 2026. President Trump publicly characterized Pahlavi in March 2026 as a “very nice person” while stressing preference for any successor emerging from inside the country, a stance reinforced by continued U.S.-Iran negotiations and ceasefire talks extending into May 2026. Pahlavi has used public appearances, including at CPAC, to call for full regime change and criticize mixed U.S. messaging on diplomacy versus opposition support, yet these efforts have not produced concrete endorsements or policy shifts. Late developments such as sudden regime collapse, formal bilateral announcements, or major escalation could still move probabilities, though no such triggers appear imminent.