Iran War impact on economy

(CNN)– JP Morgan CEO Jamie Dimon is warning investors about the potential impact of the Iran War on the U.S. economy.

In his annual letter to shareholders, Dimon said the U.S. economy started the year out strong with President Trump’s tax cuts and deregulatory agenda which have helped insulate the country from global economic issues so far.

But there will eventually be a tipping point.

Dimon also said the risk of persistent oil price jumps from the Iran War could alter the global supply chain similar to what happened during the pandemic creating a ripple effect throughout the U.S. stock market.