Mojtaba Khamenei was selected by Iran's Assembly of Experts in early March 2026 to succeed his father Ali Khamenei as supreme leader following the latter's death in late February amid U.S.-Israeli strikes. As the new head of state, he has issued statements on military and foreign policy matters from within Iran while remaining out of public view, with U.S. intelligence reporting him in a secure but isolated location and some rumors circulating about his health or decision-making role. No verified reports indicate any plans or movements for him to depart the country. Trader consensus on markets tracking an imminent exit by late May or June reflects the structural barriers of his constitutional position, the regime's wartime posture, and the absence of triggering events such as confirmed resignation, exile arrangements, or leadership challenges that would prompt departure. Ongoing diplomatic contacts and internal power dynamics could influence future probabilities.