The body of Iran's Supreme Leader, Ayatollah Ali Khamenei, has arrived in the holy city of Qom following a week of state-organized funeral ceremonies. Millions of Iranians have participated in processions across the country, including a massive turnout in Tehran, with state television reporting numbers comparable to the 1989 funeral of Ayatollah Ruhollah Khomeini. The ceremonies honor Khamenei and four family members killed in a US-Israeli strike on February 28.

The funeral events are intended to convey national unity and a message to Iran's adversaries. The absence of Khamenei's successor and son, Mojtaba Khamenei, from public view has been noted, with explanations citing ongoing fragile negotiations and security concerns related to the unresolved war. The ceremonies are set to conclude with Khamenei's burial in his hometown of Mashhad.

While specific market impacts are not detailed, the large-scale public demonstrations and the geopolitical context of the US-Israeli strike underscore the internal political stability and regional tensions surrounding Iran's leadership transition. The involvement of high-profile officials, including President Masoud Pezeshkian and figures like Esmail Qaani, signals the government's efforts to project strength and continuity amidst a period of mourning and ongoing conflict.