JPMorgan CEO Jamie Dimon cautions that geopolitical tensions are intensifying.

• JPMorgan Chase's CEO, a year after naming geopolitics the world's biggest risk, sounded the alarm again.
• Dimon stated in an interview with CNBC-TV18 that geopolitics is deteriorating and not improving.
• Additionally, he encouraged the U.S. to prepare for an extended conflict between Ukraine and Russia.

A year after Jamie Dimon identified geopolitics as the world's greatest risk, JPMorgan Chase's CEO sounded the alarm again, warning that global stability had deteriorated.

In an exclusive interview with CNBC-TV18 released Tuesday, Dimon stated that his caution is solely based on geopolitical factors that could impact the economy.

The situation in geopolitics is deteriorating, and there is a possibility of accidents in energy supply. It is uncertain if other countries will become involved. There are currently numerous wars taking place, as stated by the speaker, who then mentioned the attacks carried out by Yemen's Houthi rebel group in the Red Sea.

This month, at least two crude oil tankers have been attacked by the Houthis, according to the U.S. military.

My biggest concern is geopolitical instability, Dimon stated. Additionally, he advised the U.S. to prepare for a protracted conflict between Ukraine and Russia.

A year after Dimon identified geopolitics as the biggest risk facing the world, larger than high inflation or a U.S. recession, the interview took place.

The Federal Reserve cut interest rates for the first time since March 2020, and traders have pushed the stock market to a new high on Monday.

What markets are pricing in, according to Dimon's skepticism about the U.S. economy?

"While I'm a long-term optimist, I'm more skeptical of others who claim everything will be great in the short run. Markets are pricing things as if they'll be great, but I'm on the cautious side of that one," he stated.