Iran's Khamenei funeral sparks concerns over regime stability

Iran held massive mourning ceremonies for the late Supreme Leader Ayatollah Ali Khamenei, with thousands gathering in Tehran's Grand Mosalla and additional events planned in Qom, Najaf, Karbala and Mashhad. Authorities erected concrete barriers to prevent stampedes and used the funeral to project national resilience after weeks of conflict with Israel and the United States.

Analysts note that the scale of public mourning, reported to involve millions, is being interpreted as a possible sign of internal tension. Market sentiment has shifted, with prediction‑market data suggesting a higher perceived likelihood of regime change in Iran by September 2026. Observers advise watching statements from senior officials and the Islamic Revolutionary Guard Corps for indications of power struggles, while regional actors gauge the impact on Middle‑East geopolitics.