Mojtaba Khamenei’s appointment as Iran’s Supreme Leader in March 2026 following his father’s death in U.S.-Israeli strikes has centered trader attention on his prolonged absence from public view. Since assuming the role, he has issued only written messages and audio statements read on state media, with no video or in-person appearances confirmed amid ongoing conflict and security threats. Iranian President Masoud Pezeshkian’s May 2026 meeting with him provided limited official reassurance, yet speculation persists over health impacts from prior strikes and regime preference for controlled visibility during wartime. Key variables include potential escalation in U.S.-Iran tensions, IRGC influence on leadership consolidation, and any scheduled clerical or national events that could force a public confirmation to stabilize domestic and international perceptions.