Mojtaba Khamenei, appointed Iran's Supreme Leader in March 2026 following his father's killing in February US-Israeli strikes, has issued only written statements and conducted private meetings without any verified public appearance since. Recent developments include October 24 reports of a meeting with Judiciary Chief Gholamhossein Mohseni Ejei and prior sessions with President Masoud Pezeshkian and Parliament Speaker Mohammad Bagher Ghalibaf, alongside an Iranian diplomat's October 23 claims of good health, attendance at the July funeral, and limited nighttime outings for security reasons amid the active conflict. These private engagements and health assurances reflect regime efforts to address speculation while highlighting assassination risks that have kept him from media or public events. Traders weigh the regime's interest in consolidating authority through a visible appearance against persistent security constraints and the absence of video or in-person confirmation to date.