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JPM CEO: Mideast Conflict May Create Conditions for Lasting Resolution to Long-term Tensions
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Despite the short-term risks posed by the Gulf War, JP Morgan (JPM.US) CEO Jamie Dimon is a little optimistic about the prospects for long-term stability in the Middle East. He believed the conflict highlights a shift in mindset in the region, which may create conditions for a lasting resolution to long-standing tensions. He noted that Saudi Arabia, the UAE, Qatar, the US, and Israel all desire permanent peace in the Middle East, while criticizing Iran as a terrorist threat involved in regional proxy conflicts and supporting armed militia groups. However, he also stated that Israel should play a role in easing tensions and assist in establishing some form of a long-term Palestinian state. AASTOCKS Financial News Website: www.aastocks.com |
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