Iranian President Masoud Pezeshkian continues to hold office amid an ongoing U.S.-Israel conflict that began with airstrikes in March 2026. Recent weeks have featured his public appeals for diplomatic resolution with guarantees against renewed aggression, including an open letter to the American public and statements emphasizing Iran's readiness to end fighting without appearing weak. On May 7, Pezeshkian highlighted a positive meeting with Supreme Leader Mojtaba Khamenei—the first since the latter's March selection following his father's death—to counter reports of leadership rifts and internal resignation considerations tied to IRGC influence. These developments shape trader focus on whether escalating external pressure or domestic power struggles could prompt an early exit before Pezeshkian's term concludes.