Jamie Dimon says Iran war makes Middle East peace prospects better in the long term

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JPMorgan Chase

CEO Jamie Dimon said Tuesday that while the Iran war poses near-term risks, it may ultimately improve the prospects for lasting peace in the Middle East.

“I think the Iran war makes it a better chance in the long run — it’s probably riskier in the short run, because we don’t know the outcome of it,” Dimon told Palantir executive and former Congressman Mike Gallagher at a conference held in Washington, D.C.

The key shift, according to Dimon, is a convergence of interests among regional powers. Saudi Arabia, the United Arab Emirates, Qatar, the U.S. and Israel all want permanent peace, he said, adding that Persian Gulf states in particular have shown a willingness to move in that direction.