WASHINGTON (VINnews) — JPMorgan Chase CEO Jamie Dimon said Tuesday that while the conflict involving Iran carries near-term risks, it could ultimately improve prospects for lasting peace in the Middle East CNBC reported.

“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 said at a Washington conference, speaking with Palantir executive and former Rep. Mike Gallagher.

Dimon highlighted a convergence of interests among regional powers, including Saudi Arabia, the United Arab Emirates, Qatar, the U.S. and Israel, noting Gulf nations are showing greater willingness to pursue stability.

“The attitude is not what the attitude was 20 years ago,” he said. “They all want it.”

Dimon tied peace and stability in the region directly to economic investment, noting Gulf nations depend on foreign capital that would decline amid unrest.

“They can’t have neighbors lobbing ballistic missiles into their data centers,” he said.

Dimon also addressed U.S. preparedness, criticizing reliance on China for critical components and warning that tensions over Taiwan could escalate. He called for stronger domestic manufacturing and industrial policy.

Winning conflicts in Ukraine and Iran, he added, “would be very helpful” in addressing long-term challenges related to China.