Mojtaba Khamenei’s extended absence from public view since his March 2026 appointment as Iran’s Supreme Leader following his father’s assassination continues to shape trader assessments of any near-term appearance. Iranian officials cite stringent security needs amid ongoing regional conflict, while releasing written statements and claims of private meetings with President Pezeshkian and visits to religious sites such as the Imam Reza shrine. No verified video, audio, or in-person sighting has occurred, including during July funeral proceedings, prompting persistent questions over health or governance arrangements. Regime-aligned media have amplified narratives of his qualifications and recovery to sustain institutional continuity, yet the lack of visual confirmation leaves room for shifts if diplomatic or domestic pressures prompt a controlled appearance within resolution windows.