Iran’s Khamenei vows revenge for father’s death, raising tensions with US

https://www.cnn.com/2026/07/06/world/live-news/iran-khamenei-funeral-war-trump

Supreme Leader Mojtaba Khamenei’s renewed vow for revenge over the assassination of his father, Ali Khamenei, has stirred reactions among Iran’s hardliners and raised questions about Tehran’s diplomatic stance. The call for retaliation was made during his father’s burial in Mashhad, where Khamenei declared revenge a “demand of the nation.” This development comes amid heightened tensions with the U.S., as Iran has closed the Strait of Hormuz and faced renewed military strikes on its infrastructure. The situation has intensified internal factional tensions in Tehran, with hardliners demanding decisive action and pragmatists concerned about diplomatic repercussions.

Key Takeaways

• The recent call for revenge by Supreme Leader Mojtaba Khamenei appears to have increased security concerns, with market pricing suggesting a decreased likelihood of his public appearance by July 31.
• Current pricing reflects a 10% YES probability for Khamenei being seen in public by the end of July, indicating that market participants may view his appearance as unlikely in the near term.
• The stance taken by Khamenei has led to fluctuating odds in related markets, with the “Mojtaba Khamenei seen in public” market experiencing notable changes over the past week.

What to Watch

Observers should monitor any announcements or movements from Iranian authorities regarding Khamenei’s public appearances, as these could shift current market perceptions. Additionally, developments in U.S.-Iran relations and any military actions may further influence market expectations about Khamenei’s visibility. The ongoing geopolitical tension and its impact on Iran’s internal dynamics remain critical to watch, particularly if it affects the balance between hardliners and pragmatists in Tehran’s political landscape.

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