Svmuu News JPMorgan Chase CEO Jamie Dimon warned on Monday that the war in Iran could pose risks of oil and commodity price shocks, which may keep inflation persistent and push interest rates higher than current market expectations. This warning was issued in the annual letter to shareholders. Dimon said, "The challenges we face are enormous." He cited geopolitical risks such as the Russia-Ukraine conflict and broader hostilities in the Middle East. "Now, due to the war in Iran, we also face the possibility of sustained and significant volatility in oil and commodity prices, as well as a reshaping of global supply chains, which could lead to more stubborn inflation and ultimately result in interest rates higher than current market expectations." Dimon said time will tell whether the Iran war has achieved U.S. objectives, adding that nuclear proliferation remains the greatest danger from Iran. Dimon also stated that the U.S. economy continues to show resilience, with consumers still earning and spending money, albeit with some recent moderation, and businesses remaining healthy. However, he cautioned that substantial government deficit spending and past stimulus policies have driven economic growth, while increasing infrastructure spending remains a growing demand. (Jin10)