finance
Dimon: Iran war may tip US into recession, but uncertainty remains
JPMorgan CEO Jamie Dimon told CBS he cannot say whether the Iran war will trigger a US recession, calling the economy fragile, stressing the need to end the conflict, and warning of higher gas prices.
Mar 31st 2026 · United States
Insights
- JPMorgan CEO Jamie Dimon said he does not know if the war with Iran will be the tipping point that pushes the US into a recession.
- Dimon described the economy as complex and said conflicts are added strains that could become decisive over time.
- He said ending the war successfully is more important for the world than predicting economic outcomes.
- Dimon warned higher gas prices from the conflict will hurt Americans and said reopening the Strait of Hormuz would matter for global oil flows.
Sources
- Larry Fink, CEO of BlackRock and the most powerful man in finance: ‘The global economy will enter a recession if the war in Iran lasts more than a year’ english.elpais.com
- Jamie Dimon says he doesn't know if Iran war will tip economy into recession www.cbsnews.com
- Jamie Dimon: I don't know if Iran war will be "tipping point" for recession www.cbsnews.com