Iran’s Supreme Leader Mojtaba Khamenei suffered facial and leg injuries, possibly losing a limb, in the February airstrike that killed his father.
The leader’s absence has elevated the Islamic Revolutionary Guard Corps as the dominant voice in Iran’s strategic decision‑making, raising uncertainty for markets.
Analysts warn the “janbaz” label and Khamenei’s reliance on IRGC signal a line in peace talks, adding a risk‑off premium to equities.
Markets brace for heightened volatility as Khamenei’s first public appearance may be delayed one to two months, keeping regional ceasefire prospects uncertain.