Kevin O'Leary's Oscars red carpet appearance sparked controversy and drew a sharp reaction from Iranian filmmaker Jafar Panahi. The Shark Tank star, known for his business acumen and acting roles, arrived at the 2026 Academy Awards wearing a silver-accented robe paired with a bold necklace that housed a case of NBA memorabilia. The outfit, reminiscent of his earlier $19.5 million collection showcased at the Actor Awards in March, became an instant focal point of online chatter. Social media users quickly criticized the fashion choice, with some comparing Panahi's expression to that of a character from a story. One comment humorously suggested that Panahi, who had recently faced a one-year prison sentence in his home country for alleged propaganda offenses, might have felt the weight of the moment. The incident added to the evening's mix of high-profile moments, including debates over artistic expression and political tensions. O'Leary, addressing the controversy during the event, defended his style while also commenting on Panahi's situation. He stated, "He’s a really great guy," and expressed confidence in Panahi's potential to win an Oscar. O'Leary also mentioned placing a bet on the ceremony's outcome, joking that the voting process would conclude before the controversy surrounding Panahi's case reached its peak. The Oscars ceremony also featured other notable moments, such as singer Josh Groban's remarks on the importance of art in fostering human connection. Groban emphasized the role of music and performance in uniting people amid societal divisions. Meanwhile, the event's broader context included discussions about security, voting processes, and the impact of political issues on the awards.#oscar_awards #actor_awards #jafar_panahi #kevin_oleary #nba_memorabilia