Mojtaba Khamenei has issued only written statements since succeeding his father as Iran’s Supreme Leader following the February 28, 2026, assassination in a US-Israel strike, with no verified public appearances, photographs, or video messages in the subsequent six months. Iranian officials, including President Masoud Pezeshkian, attribute the continued seclusion to security threats amid the ongoing conflict, while recent family interviews and media references emphasize his health, qualifications, and religious justifications for absence. Claims of private attendance at funeral rites and limited high-level meetings have surfaced but remain unaccompanied by visual confirmation. The active wartime environment, combined with historical patterns of guarded leadership transitions, sustains trader focus on whether security conditions or institutional needs will prompt a shift toward greater visibility in the near term.