“This isn’t bear porn,” insists an online memo that is said to have recently sent the U.S. stock market lower. What follows, of course, is Larry Flynt–level stuff, financially speaking: the porniest bear porn that a bear could ever porn. Artificial intelligence will apparently render much of white-collar work obsolete, leading to mass layoffs, falling spending, widespread defaults, a stock crash, a mortgage crisis, and plunging house values.

Ayatollah Ali Khamenei, Iran’s supreme leader since 1989, has been at the center of global attention following conflicting reports of his death in joint U.S.-Israeli airstrikes on February 28, 2026. President Donald Trump announced Khamenei was killed, calling it “justice” and the “single greatest chance” for Iranians to reclaim their country. Israeli officials told multiple outlets, including Reuters, The Washington Post and AP, that Khamenei’s body was found after a direct hit on his Tehran compound. However, Iranian state media and officials, including Tasnim, Mehr and Foreign Minister Abbas Araghchi, insist he remains “steadfast and firm in commanding the field,” with no independent confirmation of his fate amid communication blackouts and restricted access.

The 86-year-old cleric has shaped modern Iran for nearly four decades, overseeing its nuclear program, foreign policy and the Islamic Revolutionary Guard Corps (IRGC). Here are 10 essential facts about Khamenei amid the ongoing crisis.

1. **Longest-Serving Supreme Leader**
Khamenei became supreme leader on June 4, 1989, following Ayatollah Ruhollah Khomeini’s death. He is the second and longest-serving supreme leader since the 1979 Islamic Revolution, holding near-absolute authority over Iran’s military, judiciary and key institutions under the velayat-e faqih system.

2. **Clerical and Revolutionary Roots**
Born July 17, 1939, in Mashhad, Khamenei grew up in a clerical family. He studied theology in Mashhad and Qom under Khomeini, becoming a protégé during the anti-Shah protests of the 1960s. Arrested multiple times by the Shah’s regime, he rose as a key revolutionary figure.

3. **President Before Supreme Leader**
Khamenei served as Iran’s president from 1981 to 1989, surviving a 1981 assassination attempt that left him partially paralyzed in his right arm. He was a close ally of Khomeini, managing the war with Iraq and consolidating power.

4. **Nuclear Program Architect**
Khamenei has overseen Iran’s nuclear ambitions, issuing a fatwa against nuclear weapons while defending enrichment rights. The program became central to Iran’s deterrence strategy, drawing international sanctions and now direct military targeting.

5. **IRGC Empowerment**
He transformed the IRGC into a powerful economic, political and military force, using it to project influence through proxies like Hezbollah and the Houthis while suppressing domestic dissent.

6. **Hardline Stance on West and Israel**
Khamenei has consistently opposed the U.S. and Israel, labeling America the “Great Satan” and Israel a “cancerous tumor.” His rhetoric has shaped Iran’s foreign policy, including support for anti-Western groups.

7. **Succession Uncertainty**
With no clear successor, Khamenei’s potential death could trigger a power struggle within the Assembly of Experts. His son Mojtaba has been mentioned as a possible candidate, though the process remains opaque.

8. **Domestic Control and Protests**
Khamenei has overseen crackdowns on protests, including the 2022 Mahsa Amini uprising. His rule has centralized power, sidelining moderates and leftists while allowing limited pragmatism for regime survival.

9. **Health and Public Appearances**
Khamenei has appeared frail in recent years, with reports of prostate cancer surgery in 2014. His last major public appearance was limited, fueling speculation about his health before the strikes.

10. **Conflicting Fate Reports**
Trump and Israeli sources claim Khamenei died in strikes on his compound. Iranian outlets deny this, asserting he continues to lead. No verified evidence has emerged amid blackouts, leaving his status unconfirmed as the conflict escalates.

Khamenei’s rule has defined Iran’s post-revolution era, blending ideological rigidity with pragmatic survival tactics. If reports of his death prove true, it would mark the most significant shift since 1979, with profound implications for Iran’s future and the Middle East.