Reza Pahlavi has remained outside Iran since 1979 and continues to operate from exile in the United States as of late August 2026. Following U.S. and Israeli strikes during the 2026 Iran war that killed Supreme Leader Ali Khamenei and prompted an April ceasefire, he has positioned himself as a potential transitional figure through the Iran Prosperity Project and public statements on issues such as the fuel crisis and currency collapse. Iranian state media and prosecutors have intensified attacks, including a July indictment on security-related charges, while he maintains meetings with foreign officials and emphasizes that any return depends on regime collapse and internal transition rather than unilateral action. No verified movements or confirmed timelines for entry have emerged amid ongoing regime control and opposition fragmentation.