How to think about the Iran war — and what it means for oil and stocks

Yes, an end to the Iran war remains elusive – but that doesn’t mean investors should wait around for it.What if talks fail? Won’t inflation skyrocket? Shouldn’t I wait for this to pass before buying stocks? Those are key questions I have been getting as this conflict drags on. They’re understandable, but they’re also expensive.Since my March column, America “double blockaded” the Strait of Hormuz. Yet little changed. The US blockade only affects Iranian exports and imports. Iran’s oil went mostly to China which, by the way, had stocked up beforehand.Meanwhile, Strait workarounds proliferate. Saudi Arabia’s East-West pipeline exports were...