The US and Israel are only 10 days into their war with Iran and not only has the S&P 500 face-planted into negative territory, but oil just topped $100/barrel, levels not seen since 2022 when Russia invaded Ukraine. Those of us who lived through those dark days of 2022 will remember that a sharp rise in the price of oil was one of the biggest drivers of high inflation that year, with the US and Canada hitting 9 and 8 percent that summer. Anytime there is a loss of life from war it is a tragedy and I personally hope both wars end soon. While I can’t control geopolitical events, I can control how I invest, so let’s look at how the Iran war is currently affecting oil prices and our overall portfolios.