The Strategist

JPMorgan CEO expects worsening financial market conditions due to Iran war



04/07/2026 - 02:58



JPMorgan Chase & Co. CEO Jamie Dimon cautioned that increasing oil and other commodity prices from the Iran conflict could trigger accelerated inflation and elevated interest rates, potentially causing deterioration in financial markets.



freerange stock
freerange stock
In his yearly letter to shareholders, Dimon mentioned that markets might encounter an unwelcome shock as soon as 2026 due to a steady rise in price inflation.

He noted that this by itself might be sufficient to cause increased interest rates and a decline in asset values.

In his opinion, the significant increase in oil prices is frequently mentioned as a primary reason for the severe recessions of the 1970s and 1980s. He noted that the US is currently less susceptible to such shocks.

Dimon added that "although our primary hope should be for the successful resolution of existing conflicts and the ultimate creation of global peace, it is also essential to comprehend and observe the economic implications of the related risks." He states that a negative combination of factors might result in recessions of different intensities, along with, among other issues, heightened market volatility and rising joblessness.

source: bloomberg.com