Mojtaba Khamenei has remained out of public view since succeeding his father Ali Khamenei as Iran's Supreme Leader in early March 2026 following the latter's death in U.S.-Israeli airstrikes. Iranian officials cite ongoing security threats and the leader's reported injuries—including facial and leg wounds from the initial attacks—as reasons for his seclusion, while confirming through intermediaries that he continues directing policy from a protected location. The president and senior military commanders have held private meetings with him in recent weeks, and state media has read out his statements, yet no video, audio, or in-person public appearance has occurred. Traders are monitoring for any shift in these conditions ahead of potential resolution dates, with security considerations and conflict dynamics remaining the dominant influences on the timeline.