The Globe and Mail reports in its Tuesday edition that from shuttered airports to rising oil prices and volatile stock markets, the global economy is feeling ripple effects after the United States and Israel launched strikes on Iran, and Iran retaliated on targets across the Middle East. A triple-bylined item led by Erica Alini reports that the stock market had a relatively muted response to the news out of the Middle East on Monday, with both the S&P/TSX Composite Index and the S&P 500 bouncing back from early losses over the course of the day, and the Canadian index closing at a record high. The jump in oil prices has so far buoyed energy stocks, providing a silver lining for Canadian investors. "As long as there's conflict going on and it doesn't look like there's a resolution ... I think the Canadian energy sector will be the winner here," said Brooke Thackray, research analyst at Global X. But Philip Petursson, chief investment strategist at IG Wealth Management, cautioned investors against making rash decisions, given the high degree of uncertainty over how the conflict will evolve. "Embrace your diversified portfolio and ride it out."