JP Morgan-Chase CEO Jamie Dimon suddenly advocates war on Iran

The CEO of JP Morgan-Chase has given his unexpected support to the military campaign of the US and Israel against Iran.

To talk to AxiosJamie Dimon acknowledged that it created “uncertainty” and “short-term risks” but argued that Tehran posed a greater threat in the long term.

“Why the Western world is putting up with these 45-year-old wars is beyond me,” Dimon said.

He also rejected allegations that the US-Israeli strikes were carried out without an imminent threat.

“They have been killing people around the world for 45 years. They have killed many Americans. They have not only financed Hamas, Hezbollah, Houthis, they have terror cells here,” said the CEO from the new world headquarters of JP Morgan-Chase in Manhattan.

Dimon admitted earlier this week that he did not know for sure whether a war with Iran would be the “crucial point” that pushes the US into bankruptcy, but “what is more important for the future of the world is that the war is ended successfully.”

“The economy is a big, complex beast, and AI can’t understand it,” Dimon told CBS News. I tell people how everything happens on a camel’s back. So maybe one day the tide will break that point and throw us into recession.

Dimon said, “The war is a few straws on the camel’s back,” but “whether that creates a tipping point, I don’t know.”

When asked if the US needs to reopen the Strait of Hormuz, Dimon said “I don’t know the answer to that question,” but said “it will be a real problem for the world economy” if it remains closed.

To follow The Wall Street JournalPresident Trump has recently told aides that he was considering ending the campaign against Iran without breaking their sanctions barrier – through which 20 percent of the world’s oil and gas flows.

Dimon’s hawkish stance in support of the war is unexpected, as he has expressed more liberal views on US foreign policy, opposing isolationist “America First” but warning of the human and economic costs.

Speaking about the outbreak of conflict in Gaza after the attack by Hamas against Israel on October 7 2023, he warned of “the most dangerous time the world has seen in decades” and warned of “major impacts on energy and food markets, world trade and political relations.”

The head of JP Morgan-Chase also admitted to worrying about the economic impact at the time, saying, “My observation is that we face a lot of uncertainty out there.”

In his 2024 annual letter, he railed against international isolationism and urged Americans to “find ways to put aside our differences and work together with other Western countries in the name of democracy.”

“[T]The ongoing wars in Ukraine and the Middle East continue to have the potential to disrupt energy and food markets, migration, and military and economic relations, in addition to their terrible human costs,” Dimon wrote.

“These significant and unprecedented forces keep us on our toes.”

In Ukraine, however, he has repeatedly supported the US in supporting resistance against Russian aggression as part of a broader demand to resist international authority.