Mojtaba Khamenei, appointed Iran's supreme leader by the Assembly of Experts in early March 2026 days after his father Ali Khamenei's assassination in U.S.-Israeli strikes, has issued no verified public appearances or direct statements since taking office. Officials have repeatedly denied reports of foreign medical treatment or departure from Iran, including claims of transfer to Russia, while a Russian envoy stated in late March that he remains inside the country. U.S. assessments highlight extreme security measures, limited access even for senior regime figures, and reliance on couriers amid ongoing conflict and his reported injuries from the February attacks. These factors, combined with the regime's vulnerability to further strikes, shape trader focus on whether health, security, or political pressures could prompt an exit by the resolution date despite official denials.