Iran's most recent presidential election occurred in 2024 following the death of Ebrahim Raisi, installing Masoud Pezeshkian for a standard four-year term that concludes in 2028. No constitutional trigger—such as the incumbent's death, resignation, or incapacity—has occurred to accelerate the timetable, and the Guardian Council has not signaled any extraordinary process. The March 2026 Assembly of Experts selection of a new supreme leader addressed succession at the highest institutional level without altering presidential election rules or timelines. With roughly two weeks remaining before the June 30 cutoff, organizing and holding a nationwide vote remains logistically implausible absent an immediate crisis. Traders assign 99% probability to "No" based on this predictable schedule and absence of catalysts, though an unforeseen health event or major political rupture could theoretically force an early contest.