Mojtaba Khamenei was selected by Iran's Assembly of Experts as Supreme Leader in early March 2026 following his father Ali Khamenei's death in late February amid U.S.-Israeli strikes. Since then, he has made no verified public appearances or direct speeches, with initial statements issued only via state media. Iranian outlets have described him as wounded in the conflict, while U.S. officials have echoed claims of injury, prompting ongoing speculation about his health, security, or capacity to govern. Recent Israeli statements in late July 2026 affirmed he remains alive, and reports have pointed to possible appearances at official events such as commander memorials in Tehran. These factors shape trader assessments of timelines for any confirmed public appearance amid the regime's wartime transition and internal cohesion pressures.