Iranian media reported on March 1 that after Supreme Leader Khamenei’s martyrdom, a provisional leadership structure was activated according to Article 111 of the Constitution. A three-member committee composed of President Pezeshkian, the Minister of Justice, and a jurist from the Guardian Council is leading the country.
(Background: The U.S. and Israel launched the “Judea Shield Operation” bombing Iran! Bitcoin was sold off by $1.8 billion, with over 150,000 traders liquidated.)
(Additional context: Reports suggest Israel launched a “preemptive” military strike on Iran! Bitcoin suddenly dropped below $65,000, and market panic soared.)
Today (March 1), Iranian media reported that following the martyrdom of Supreme Leader Khamenei in the joint U.S.-Israel airstrike on February 28, Iran officially activated the temporary leadership mechanism stipulated in Article 111 of the Constitution: a three-person committee consisting of President Pezeshkian, the Minister of Justice, and a jurist from the Guardian Council, jointly managing the country’s operations.
This is the first time since the death of Khomeini in 1989 that Iran has initiated a succession process for the Supreme Leader, and it is also the first practical application of this constitutional clause in a wartime environment.
It is noteworthy that Pezeshkian is a reformist, while the Islamic Revolutionary Guard Corps (IRGC) controls an economic empire estimated at over $100 billion. Whether the three-member committee can operate effectively depends on the military’s willingness to cooperate with a reformist president’s leadership. The CIA previously warned that the fall of Khamenei could directly lead to a takeover by the IRGC.
Multiple high-ranking officials dead; potential successors?
The Israel Defense Forces confirmed that the initial airstrike resulted in the deaths of seven senior officials, including Khamenei advisor Ali Shamkhani, and targeted about 30 military and political leaders, severely weakening Iran’s command chain. Under these conditions, whether the 88-person expert council can safely convene to select a new Supreme Leader remains uncertain. The constitution does not specify a deadline for succession, and no announcement has been made yet.
Current potential successors include:
- Mujeh Tabar, son of Khamenei (uncertain if survived the airstrike)
- Larijani, the most senior civilian official known to be still alive after the strike
- Hossain Khomeini, grandson of Khomeini
These three represent hereditary, pragmatic, and reformist paths, but none may fully satisfy the needs of the clergy and the Revolutionary Guards.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
A certain whale sold 75 BTC in the past 20 hours and bought 2.067 billion PUMP from Wintermute.
Gate News Report, March 10 — According to Onchain Lens monitoring, a certain whale (address 24BLF...LChr) sold 75 BTC worth $5.08 million in the past 20 hours and bought 2.067 billion PUMP tokens from market maker Wintermute, valued at $4.04 million.
GateNews21m ago
Bitcoin-Tech Stock Correlation Is Overblown, NYDIG
Bitcoin’s recent price action has traced the footsteps of US software equities, driven more by macro liquidity conditions than a lasting structural link to the tech sector. In a note issued on Friday, Greg Cipolaro, NYDIG’s head of research, argued that the visual fit between BTC and software
CryptoBreaking21m ago
Michael Saylor’s Strategy Builds $50 Billion Bitcoin Treasury With 738,731 BTC
Michael Saylor’s company, Strategy, has become the largest corporate Bitcoin holder with over 738,000 BTC, valued at approximately $50.7 billion. Their strategy involves aggressive accumulation using corporate funds and debt financing, significantly influencing corporate finance and Bitcoin adoption.
CryptometerIo42m ago
A certain whale received 245 BTC again eight hours ago, accumulating a total of 495.3 BTC purchased over the past two weeks.
Gate News reports that on March 10th, according to The Data Nerd monitoring, eight hours ago, a whale address bc1q8 received another 245 BTC (approximately $16.8 million). Data shows that over the past two weeks, this whale has accumulated a total of 495.3 BTC (approximately $33.4 million) through an institution, with an average purchase price of about $67,430.
GateNews1h ago
Bitcoin returns to $70,000: Geopolitical conflict concerns ease, ETF fund inflows continue to drive BTC rebound
On March 10th, Bitcoin broke through $70,000 during the East Asian trading session, completing a recovery after the weekend sell-off. As volatility in the energy markets eased, selling pressure on risk assets diminished. Market data shows that institutional capital inflows continue to support Bitcoin, investor sentiment is improving, and short-term upside potential is increasing.
GateNews1h ago
Yesterday, the US Bitcoin spot ETF experienced a net inflow of $57.73 million.
Gate News Report, March 10 — According to crypto analyst Trader T's monitoring, on March 9, the US Bitcoin spot ETF saw a net inflow of $57.73 million. Among them, FBTC (Fidelity) had a net inflow of $60.09 million; BITB (Bitwise) had a net outflow of $4.49 million; ARKB (Ark) had a net outflow of $274 million.
GateNews1h ago