Mojtaba Khamenei has remained out of public view since succeeding his father as Iran's Supreme Leader following the February 28, 2026 US-Israel strikes that killed Ali Khamenei. Officials cite acute security threats from the active regional conflict and reported injuries, including an ankle fracture and possible facial wounds, as reasons for the seclusion, with no verified photographs or videos released despite circulated unconfirmed footage. Indirect activity continues through meetings, such as President Masoud Pezeshkian's May 7 confirmation of an in-person discussion and recent military directives issued via commanders. Traders assess that de-escalation in US-Iran talks or reduced immediate risks could enable a controlled appearance by the May 31 resolution date, while sustained hostilities or health limitations would likely sustain the current pattern.