jp morgan ceo jamie dimon speaks at the boston college chief executives club luncheon in boston massachusetts us november 23 2021 reutersbrian snyder new york june 1 reuters  higher oil prices triggered by the ukraine war and likely to stay elevated in a sloppy transition from fossil fuels will contribute to a coming hurricane in the economy jamie dimon the longtime chief executive of jpmorgan chase  co jpmn said on wednesday dimon said he does not know if the storm will be minor or severe but that it is on its way as the federal reserve and the government withdraw economic support provided during the pandemic and as the consequences of the ukraine war continue that hurricane is right out there down the road coming our way dimon said in an animated and unscripted conversation at an investor conference wars dimon said have unintended consequences and the ukraine war happens to be roiling the commodity markets of the world wheat oil gas high oil prices could continue for the next five years because proper actions are not being taken he added dimon 66 said the united states is failing in its handling of the challenges of climate change and the transition from fossil fuels the chance of getting this right is virtually nil i dont think we remotely understand the complexity he added it is uncoordinated were confused between hugging trees and yelling  we need real leadership reporting by david henry in new york and noor zainab hussain in bangalore editing by chizu nomiyama and nick zieminski