Call it a war, an incursion, or something else, missiles and drones have been flying in the Middle East for almost two weeks now. The global impact of this remains to be seen, but at home, the evidence of disruption to global supply changes is the price of oil.

At the time of writing this weekly update, oil prices were rising again after dropping to below US$80. Where they will be at the time you read this is anybody’s guess.

Watching the developing conflict in Iran reminds us of Jaws, the four-film series (yes, there were four) – the shark keeps coming back. Last year, conflict broke out in the same region. Fortunately for ordinary people caught in the middle, that conflict was over relatively quickly. At the moment, nobody can reliably predict how long the current war will last. And the shark? It is causing fear and uncertainty in the investing markets, but perhaps not in the way you think.

Last Friday, the United States (U.S.) Supreme Court, the highest court in the U.S. federal judiciary, struck down International Emergency Economic Powers Act (IEEPA) based tariffs that President Trump had imposed on trading partners globally in April last year. According to U.S. Supreme Court, the president had overstepped his authority by introducing his signature sweeping tariffs using IEEPA.

More than a few of the activities at this year’s winter Olympics are risky, if not downright dangerous. Despite this, athletes continue to launch off platforms, speed down mountain slopes, and do backflips on the ice for the possibility of earning a medal.

For them, the risks are calculated. They’ve trained for this, after all. But they take risks because, to them, becoming an Olympic champion makes it a worthwhile pursuit.

We all have different appetites for risk. Especially when it comes to investing.