""Having those folks, their throat on the Strait of Hormuz, and funding all these proxy wars. Why the western world put up with all these proxy wars for 45 years is kind of beyond me," Dimon said."
"The closure has created "uncertainty" and "short-term risks" for the world economy, JPMorgan Chase CEO Jamie Dimon said during an interview with Axios."
The ongoing U.S.-Israeli campaign in Iran has raised concerns about its unclear strategy and uncertain outcomes. The conflict has highlighted the global reliance on stability in the Middle East, particularly regarding energy markets. Following the military actions, Iran's Revolutionary Guard warned ships to avoid the Strait of Hormuz, leading to a blockade that has caused oil prices to surge. JPMorgan Chase CEO Jamie Dimon expressed concerns about the risks posed by a hostile regime controlling this critical chokepoint, questioning why the West tolerated such threats for decades.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]