The Globe and Mail reports in its Tuesday, March 3, edition that $100 (U.S.)-a-barrel-oil is back on the table, following the energy price surge from Russia's invasion of Ukraine. The Globe's Mark Rendell writes that historically, oil price shocks have negatively impacted the economy and stock market, as seen in the 1970s, 1980s and 1990s. Will 2026 join this list? Despite a shaky start on Monday, financial markets stabilized by lunchtime, suggesting low likelihood of a significant downturn. Rationalizing a single day's trading is futile, especially when a major conflict in a top oil-producing region is met with indifference. It seems investors are becoming more strategic, as markets typically overlook conflicts in the long run. Panic selling at the first sign of trouble can be risky. Economist David Rosenberg says: "Never let geopolitics get in the way of your investment decisions. Had you bet against the stock market from the last military conflict which lasted around two weeks in June, 2025, you would have made a bad decision." Economist Paul Krugman says: "I don t want to engage in doomsaying. But I do worry that people are too complacent about the economic risks this war creates."