diff --git a/apps/desktop/src/components/chat/transcript-video.test.tsx b/apps/desktop/src/components/chat/transcript-video.test.tsx
index 5b67fd4554..7242a8d98d 100644
--- a/apps/desktop/src/components/chat/transcript-video.test.tsx
+++ b/apps/desktop/src/components/chat/transcript-video.test.tsx
@@ -56,4 +56,38 @@ describe('video playback speed preference', () => {
 
     expect(window.localStorage.getItem(STORAGE_KEY)).toBeNull()
   })
+
+  // #123018: a transcript row's <video> unmounts and remounts while a turn
+  // streams (render-budget slice recycling, markdown re-parse). The position
+  // is remembered per source, so the remounted player resumes instead of
+  // restarting the clip from the top.
+  it('restores the remembered position and play state after a remount (#123018)', async () => {
+    const { TranscriptVideo } = await loadComponent()
+    const { container, unmount } = render(<TranscriptVideo src="file:///tmp/clip.mp4" />)
+    const video = container.querySelector('video')!
+
+    // The user watches 42s in and pauses.
+    Object.defineProperty(video, 'currentTime', { configurable: true, writable: true, value: 42 })
+    Object.defineProperty(video, 'paused', { configurable: true, writable: true, value: true })
+    fireEvent.pause(video)
+
+    unmount()
+
+    const next = render(<TranscriptVideo src="file:///tmp/clip.mp4" />)
+    const remounted = next.container.querySelector('video')!
+
+    expect(remounted.currentTime).toBe(42)
+  })
+
+  it('drops the oldest remembered source once the map passes its bound', async () => {
+    const { rememberVideoPosition, recallVideoPosition } = await import('./transcript-video')
+
+    for (let i = 0; i < 30; i++) {
+      rememberVideoPosition(`file:///tmp/clip-${i}.mp4`, i, true)
+    }
+
+    // The bound keeps the map small; the oldest entries fall off the front.
+    expect(recallVideoPosition('file:///tmp/clip-0.mp4')).toBeUndefined()
+    expect(recallVideoPosition('file:///tmp/clip-29.mp4')).toEqual({ paused: true, time: 29 })
+  })
 })
diff --git a/apps/desktop/src/components/chat/transcript-video.tsx b/apps/desktop/src/components/chat/transcript-video.tsx
index e43ad8467d..e5cbd4151a 100644
--- a/apps/desktop/src/components/chat/transcript-video.tsx
+++ b/apps/desktop/src/components/chat/transcript-video.tsx
@@ -3,6 +3,36 @@ import { type ComponentProps, useCallback, useEffect, useRef } from 'react'
 
 import { $videoPlaybackSpeed, setVideoPlaybackSpeed } from '@/store/video-playback-speed'
 
+// Playback position per source, remembered across remounts. Transcript rows
+// legitimately unmount while a turn streams (the render-budget slice recycles
+// older rows; the streaming markdown re-parse re-mounts AST leaves), and a
+// fresh <video> restarted at 0 read as the clip "reloading mid-playback"
+// (#123018). Process-memory only: the map deliberately holds a bounded number
+// of recent sources and is dropped on reload.
+const MAX_REMEMBERED_SOURCES = 24
+const rememberedPositions = new Map<string, { paused: boolean; time: number }>()
+
+export function rememberVideoPosition(src: string, time: number, paused: boolean): void {
+  if (!src || !Number.isFinite(time) || time <= 0) {
+    return
+  }
+
+  rememberedPositions.delete(src)
+  rememberedPositions.set(src, { paused, time })
+
+  if (rememberedPositions.size > MAX_REMEMBERED_SOURCES) {
+    const oldest = rememberedPositions.keys().next().value
+
+    if (oldest !== undefined) {
+      rememberedPositions.delete(oldest)
+    }
+  }
+}
+
+export function recallVideoPosition(src: string): { paused: boolean; time: number } | undefined {
+  return rememberedPositions.get(src)
+}
+
 // A transcript <video> that remembers the playback rate. The native controls'
 // rate menu is the only speed UI; picking a rate there persists it as the
 // device-level preference every later player (and other open windows) starts
@@ -10,6 +40,7 @@ import { $videoPlaybackSpeed, setVideoPlaybackSpeed } from '@/store/video-playba
 export function TranscriptVideo(props: ComponentProps<'video'>) {
   const videoRef = useRef<HTMLVideoElement>(null)
   const speed = useStore($videoPlaybackSpeed)
+  const src = typeof props.src === 'string' ? props.src : ''
 
   useEffect(() => {
     const video = videoRef.current
@@ -19,6 +50,49 @@ export function TranscriptVideo(props: ComponentProps<'video'>) {
     }
   }, [speed])
 
+  // Restore the last position for this source when the element (re)mounts —
+  // a remount mid-turn otherwise restarts the clip from the top.
+  useEffect(() => {
+    const video = videoRef.current
+    const remembered = src ? recallVideoPosition(src) : undefined
+
+    if (video && remembered) {
+      video.currentTime = remembered.time
+
+      if (!remembered.paused) {
+        void video.play().catch(() => {
+          // Autoplay without a gesture can be refused (muted policy); the
+          // user can press play — the position is already restored.
+        })
+      }
+    }
+  }, [src])
+
+  // Keep the remembered position fresh while the element lives.
+  useEffect(() => {
+    const video = videoRef.current
+
+    if (!video || !src) {
+      return
+    }
+
+    const commit = () => {
+      rememberVideoPosition(src, video.currentTime, video.paused)
+    }
+
+    video.addEventListener('timeupdate', commit)
+    video.addEventListener('pause', commit)
+    video.addEventListener('ended', commit)
+
+    return () => {
+      commit()
+
+      video.removeEventListener('timeupdate', commit)
+      video.removeEventListener('pause', commit)
+      video.removeEventListener('ended', commit)
+    }
+  }, [src])
+
   // ratechange also fires when WE set the rate (mount, cross-window sync), so
   // only a rate that differs from the preference — i.e. one the user picked in
   // the controls — persists. setVideoPlaybackSpeed drops out-of-range values.