Masoud Pezeshkian has remained in office as Iran's president through the 2026 conflict, including U.S.-Israeli strikes that assassinated Supreme Leader Ali Khamenei in March, after which he briefly served on the interim leadership council. Persistent reports of resignation offers—linked to IRGC influence and policy disagreements—surfaced in May and were repeatedly denied, with Pezeshkian affirming he would announce any exit publicly. Recent developments center on his public calls for ending the "neither war nor peace" stalemate with the United States through negotiations, alongside economic pressures from sanctions and internal cohesion demands from hardline factions. Traders assess risks around leadership succession, potential snap institutional changes, or wartime fallout that could accelerate his departure before scheduled electoral or constitutional timelines.