- Iran holds a mass funeral for Ali Khamenei, which is a carefully choreographed display of unity after surviving a sustained aerial assault, but beneath the surface, a power struggle is underway.
- The Iranian elite is split between pragmatists willing to accept a US deal and hardliners who reject compromise, with the fate of the revolution at stake.
- Mojtaba Khamenei, the new supreme leader, remains out of public sight after being badly injured in the strike that killed his father, and is marked for death by Israel.
- The regime remains fractured despite the show of unity at the funeral, and the end of the war is expected to deepen the divisions.
- Iran’s future is directionless until Mojtaba emerges from the shadows; the country cannot function with a hidden supreme leader.
Iran's recent state funeral for Ali Khamenei attracted hundreds of thousands, showcasing a united front amid internal strife.
Despite the display of solidarity, the regime faces a critical juncture as factions emerge over economic recovery strategies.
Pragmatists advocate for accepting a potential financial windfall, while hardliners resist, fearing a compromise of revolutionary ideals.2
“Bombs brought the regime together,”

“For there is no question that, for all the show of unity, Iran’s regime remains as fractured as Iranian society,”4
As the regime grapples with leadership questions
“Until he emerges from the shadows, Iran risks remaining directionless,”
The funeral, while a moment of mourning, underscores the ongoing battle for Iran's soul as it navigates its path forward amidst external pressures and internal divisions.
“Beneath the show of unity, Iran's elite is split between pragmatists willing to accept a US deal and hardliners who reject compromise. The new supreme leader Mojtaba Khamenei, badly injured and hidden, does not command the same authority as his father, leaving the country directionless.”
