Defense Secretary Pete Hegseth remains deeply engaged in managing the ongoing Iran conflict and advancing the administration's 2027 defense budget priorities, as demonstrated by his recent congressional testimony before House and Senate appropriations subcommittees. These appearances, along with his announcements on streamlining Pentagon contracting processes, underscore continued institutional support and operational continuity. No public statements from the White House or Senate leadership have signaled an impending departure, and historical patterns show cabinet officials in wartime roles typically retain positions absent major confirmed scandals or policy reversals. The trader consensus reflected in current pricing aligns with this absence of immediate removal catalysts through the June 30 resolution window.