"The ongoing war in Ukraine, the conflict between Iran and both the United States and Israel, and other major hostilities across the globe should permanently dispel the illusion that the world is safe."
"This is not, in his view, a war of choice. He has been building this argument publicly for weeks, questioning why the Western world had for so long tolerated a regime with its 'throat on the Strait of Hormuz'."
Jamie Dimon emphasizes the impact of global conflicts, particularly the U.S. war on Iran, on the economy. He warns that these conflicts are reshaping the global order and creating unprecedented economic challenges. Dimon has consistently raised alarms about geopolitical tensions since the Ukraine War began in 2022, and his 2024 letter highlights concerns about inflation, liquidity, and interest rates. He argues that the current war is not a choice but a necessary response to longstanding threats posed by regimes like Iran.
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