JPMorgan Chase warns of risks to US economy from war with Iran

New York City (ANTARA) - JPMorgan Chase CEO Jamie Dimon has highlighted the risks facing the United States (US) economy due to the ongoing war with Iran. “Currently, due to the war in Iran, we are also facing the potential for significant and sustained shocks to oil and commodity prices, as well as changes to global supply chains, which could lead to more ‘stubborn’ inflation (difficult to reduce) and ultimately higher interest rates than the market currently anticipates,” Dimon stated in his annual letter to shareholders on Monday (6/4). In addition to positioning the war in Iran as one of the main challenges, the experienced banking executive also mentioned risks from high global deficits and national debt, surging asset prices with low credit interest rate spreads, and trade tensions, among other factors. He added that the US economy has been propelled by substantial government deficit spending and previous stimulus, and that increased spending on infrastructure remains an ongoing and growing need. The letter also noted that JPMorgan Chase recorded revenue of $185.6 billion US dollars ($1 US = Rp17,084) and net profit of $57 billion US dollars in 2025.