The war on Iran is estimated to have cost the U.S. more than $12B so far
Uncertainty from the war has led to manic back-and-forth swings in oil, stock markets
Before the war, it was largely expected that the central bank would cut rates
54% of advisors said they have or will tweak portfolios in response
The central bank held its policy interest rate at 2.25% on Wednesday
Geopolitical uncertainty, especially the war in Iran, loom large for Japan's export-reliant economy
On Wednesday, the Fed's Powell said it's unclear what will happen with oil prices, tariffs
Fed officials expect the Iran war will worsen inflation this year, but have little impact on economic growth
The S&P/TSX composite index was down 150 points on Wednesday
The IEA was created in the aftermath of the 1973 oil crisis