**Mohammad Bagher Ghalibaf was re-elected speaker of Iran’s Islamic Consultative Assembly in May 2026 for a seventh consecutive one-year term, securing 219–235 votes out of roughly 271 cast against minimal opposition.** This strong majority from the conservative-dominated parliament has anchored trader views that his removal by year-end remains unlikely absent a major internal shift. Recent months show him actively leading parliamentary diplomacy, including U.S.-Iran talks and public responses to American officials, while managing limited hardline criticism over issues such as parliamentary procedure and a jailed ultraconservative lawmaker. No scheduled speaker vote, resignation signals, or procedural challenges have emerged since the re-election, and his role in wartime and post-conflict coordination further reinforces institutional continuity. Traders price the outcome according to this demonstrated parliamentary backing and the absence of near-term catalysts for change.