**Mojtaba Khamenei has remained out of authenticated public view since succeeding his father as Iran's Supreme Leader in March 2026, following Ali Khamenei's death in February strikes.** Iranian officials cite security risks tied to the ongoing regional conflict with the US and Israel as the main reason, with communications limited to written messages and occasional unverified accounts of private meetings. Claims from President Masoud Pezeshkian and family members about recent sightings or discussions have not been accompanied by photos, videos, or live broadcasts. Trader sentiment reflects this established low-profile pattern, reinforced by tightened protections around the leadership, while noting that state or religious events such as upcoming commemorations could still produce an appearance if security assessments change. Uncertainty persists around health reports and the extent of his direct public role.