Mojtaba Khamenei assumed Iran's supreme leadership in early March 2026 following his father's assassination in U.S.-Israeli strikes, yet he has issued no in-person public appearances, video, or audio since then. His first statements were delivered in writing or read by state media anchors, while reports describe a secretive structure relying on handwritten directives and limited in-person meetings, including a May confirmation from President Pezeshkian of a private session. Ongoing regional conflict, potential security risks as a high-value target, and persistent health speculation have sustained his low visibility, shaping trader assessments of near-term public events around institutional calendars, diplomatic signals, or crisis responses that could prompt or delay an appearance.