【Iran Situation】JPMorgan's Dimon: Prolonged Conflict Could Drive Long-Term Middle East Peace as Regional Powers' Interests Converge

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The ongoing Middle East conflict has continued. JPMorgan Chase CEO Jamie Dimon stated that although the Iran war poses short-term risks, a key shift brought by the conflict is that regional powers’ interests are aligning. Countries like Saudi Arabia, the UAE, Qatar, the United States, and Israel all desire lasting peace. Additionally, Gulf nations have shown willingness to move toward this goal. Therefore, the conflict may ultimately improve the Middle East and lead to a lasting peace outlook.

Dimon: Short-term risks of Iran war may be higher

“The current attitude is very different from 20 years ago; everyone hopes for peace. I believe that in the long run, the Iran war will bring better opportunities, but the short-term risks may be higher because we don’t know the outcome of the war.”

Dimon believes that if the Middle East remains unstable, the foreign direct investment that has flowed in over the years will dry up. “They cannot tolerate neighboring countries launching ballistic missiles at their data centers.”

U.S. government and business make “major mistakes” in handling China affairs

Dimon said that when it comes to critical national security industries, the U.S. needs to “get its act together,” and pointed out that this was one of the motivations behind his $1.5 trillion plan launched last year. “I am deeply frustrated with U.S. policies… these policies have left us behind. The U.S. has become like Europe—unable to act or change, unable to adjust budgets, and unable to modify procurement methods.”

Dimon stated that over the past few decades, the U.S. government and business have “made major mistakes” in dealing with China, including dependence on China for key components. He acknowledged that China is very good at manufacturing batteries, cars, drones, and ships, “We should examine our shortcomings and be prepared. Once they become rivals, we must confront them.”

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