Mojtaba Khamenei has remained out of public view since his appointment as Iran's Supreme Leader in March 2026 following his father's death in U.S.-Israeli strikes. Regime statements cite security threats and injuries sustained in the February attack on the Khamenei compound as reasons for the seclusion, with communications limited to written messages and one release of undated archival footage in late August showing an academic session. Senior officials, including the foreign minister, have reported limited or no direct access, fueling questions about his condition and decision-making role amid Revolutionary Guards influence. Traders monitor any scheduled ceremonies, video releases, or official events that could confirm a verifiable appearance before the market's cutoff, while noting persistent barriers from ongoing conflict risks.