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 Pictures
JPMorgan Chase CEO Jamie Dimon mentioned Tuesday that whereas the Iran struggle poses near-term dangers, it could in the end enhance the prospects for lasting peace within the Center East.
“I feel the Iran struggle makes it a greater probability in the long term — it is most likely riskier within the quick 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 mentioned, including that Persian Gulf states specifically have proven a willingness to maneuver in that path.
“The perspective will not be what the perspective was 20 years in the past,” Dimon mentioned. “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 struggle has reverberated via international markets as oil costs surged due to provide disruptions. Whereas shares climbed Monday after President Donald Trump mentioned in a social media publish that the perimeters had talked a couple of “full and complete decision” to the struggle, Iran denied that talks had been occurring.
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 overseas 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 mentioned.
‘Deeply annoyed’
Within the wide-ranging interview, Dimon touched on a spread of matters, from the affect of synthetic intelligence on the workforce to stablecoins and the financial institution’s new international headquarters in New York. However problems with nationwide safety and geopolitics took middle stage.
The U.S. must “get our act collectively” when it comes industries which might be key to nationwide safety, Dimon mentioned, noting it was a part of his motivation for making a $1.5 trillion initiative final yr.
“I’m deeply annoyed … about our personal insurance policies in America, which set us again,” Dimon mentioned, 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 mentioned.
The U.S. authorities and company sector “made an enormous mistake” coping with China over the previous few a long time, together with by turning into depending on crucial elements from the nation, Dimon mentioned.
He added Individuals ought to assume that battle could someday come up over China’s want for Taiwan.
“We should always acknowledge [China has] finished some issues magnificently nicely,” together with constructing batteries, vehicles, drones and ships, Dimon mentioned. “We should 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 “can be very useful” in coping with China, Dimon added.
