Mojtaba Khamenei has issued only written statements and participated in audio conferences since his March 2026 appointment as Iran's Supreme Leader following his father's death in strikes, with no verified in-person, video, or audio public appearances as of early June. Iranian officials, including President Pezeshkian, have described private meetings and ongoing decision-making on security and diplomacy, while a Russian envoy noted his presence in the country without public events for security-related reasons. A March video reportedly showed him in a teaching setting, though broader confirmation remains limited. This extended absence shapes trader views on institutional continuity during regional tensions, with probabilities tied to potential milestones like official addresses or ceremonies that could resolve visibility questions.