Jamie Dimon warns of inflation

The head of America's largest bank has issued a sobering assessment of the geopolitical risks facing the global financial system.

Dimon cautioned that oil and commodity price shocks resulting from the Strait of Hormuz closure could lead to a period of stagflation not seen in decades.

He emphasized that while the US economy currently remains strong, the 'unraveling global order' is pushing markets into uncharted territory.

The letter also highlighted the transformative potential of AI, which Dimon believes could eventually cure cancers and revolutionize productivity if managed correctly.