Mojtaba Khamenei, appointed Iran's Supreme Leader in March 2026 following his father Ali Khamenei's death in U.S.-Israeli strikes, remains in an undisclosed location inside the country amid ongoing military tensions. Reports indicate he survived initial attacks that killed family members, sustaining injuries, and has not appeared publicly since taking office, with statements delivered via proxies or recordings. Regime officials have emphasized his continued leadership from within Iran, countering rumors of evacuation. Key factors influencing any potential departure include sustained strikes targeting leadership, internal stability pressures, and the need to project regime continuity during conflict. No verified exit has occurred, though historical precedents for exiled leaders and current security measures could factor into trader assessments of timelines.