JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon said on Tuesday that global markets will remain volatile until the conflict with Iran concludes. While noting the economy remains resilient, Dimon expressed caution regarding the geopolitical environment.
“The markets will be concerned until it’s over,” Dimon told “FOX & Friends.” He emphasized that the successful completion of the war is more critical than short-term market fluctuations.
Dimon Hopeful for Victory and Open Straits
The ongoing conflict has heavily impacted global trade routes, specifically the Strait of Hormuz. Dimon noted that market participants are currently pricing in the risk of further escalations.
“We should all hope that… we win this thing and clean up the straits and that Iran …
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