Mojtaba Khamenei has issued written statements through state media since his March 2026 appointment as Supreme Leader but has made no verified in-person public appearance, video address, or audio recording as of September 2026. He was absent from his father Ali Khamenei's state funeral and related processions in July despite widespread attendance by other officials. Reports cite security risks tied to the ongoing conflict, possible injuries from the February 2026 strike that killed his father, and a shift toward more collective decision-making involving the IRGC. Recent regime efforts include short undated clips and third-party claims of sightings, yet these have not resolved questions about his current visibility or health. Traders assessing appearance timelines weigh these constraints against potential catalysts such as major religious events, diplomatic milestones, or shifts in internal power dynamics that could prompt a controlled public step.