Jamie Dimon, chief govt officer of JPMorgan Chase & Co., throughout the 2025 IIF annual membership assembly in Washington, DC, US, on Thursday, Oct. 16, 2025.
Samuel Corum | Bloomberg | Getty Photos
JPMorgan Chase CEO Jamie Dimon stated Tuesday that whereas the Iran conflict poses near-term dangers, it could finally enhance the prospects for lasting peace within the Center East.
“I believe the Iran conflict makes it a greater probability in the long term — it is most likely riskier within the brief run, as a result of we do not know the end result of it,” Dimon instructed Palantir govt and former Congressman Mike Gallagher at a convention held in Washington, D.C.
The important thing shift, in keeping with Dimon, is a convergence of pursuits amongst regional powers. Saudi Arabia, the United Arab Emirates, Qatar, the U.S. and Israel all need everlasting peace, he stated, including that Persian Gulf states specifically have proven a willingness to maneuver in that path.
“The angle is just not what the angle was 20 years in the past,” Dimon stated. “All of them need it.”
The battle started final month when the U.S. and Israel launched lots of of strikes on Iran, together with one which killed the nation’s supreme chief. The conflict has reverberated by means of international markets as oil costs surged due to provide disruptions. Whereas shares climbed Monday after President Donald Trump stated in a social media publish that the edges had talked a couple of “full and whole decision” to the conflict, Iran denied that talks have been taking place.
Dimon, who leads the world’s largest financial institution by market cap, additionally tied his contrarian Center East view on to economics, arguing that the area’s want for international direct funding — which had been flowing into Gulf nations for years — will dry up with out stability.
“They cannot have neighbors lobbing ballistic missiles into their knowledge facilities,” he stated.
‘Deeply pissed off’
Within the wide-ranging interview, Dimon touched on a spread of subjects, from the influence of synthetic intelligence on the workforce, stablecoins and the financial institution’s new international headquarters in New York. However problems with nationwide safety and geopolitics took heart stage.
The U.S. wanted to “get our act collectively” when it comes industries which might be key to nationwide safety, a part of his motivation for making a $1.5 trillion initiative final yr, Dimon stated.
“I’m deeply pissed off … about our personal insurance policies in America which set us again,” Dimon stated, citing the shortcoming to fabricate sufficient munitions for instance.
“We have change into like Europe, we’re unable to maneuver and alter, change budgeting, change procurement,” he stated.
The U.S. authorities and company sector “made an enormous mistake” coping with China over the previous few many years, together with by turning into depending on crucial parts from the nation, Dimon stated.
Individuals ought to assume that battle might at some point come up over China’s need for Taiwan, he stated.
“We must always acknowledge they’ve executed some issues magnificently nicely,” together with constructing batteries, vehicles, drones and ships, Dimon stated. “We must always take a look at our personal shortcomings, after which be ready, in the event that they ever change into an adversary, to face off towards them.”
Profitable the wars in Ukraine and Iran “could be very useful” in coping with China, Dimon added.
