The military conflict in the Middle East over the weekend has added to the list of geopolitical worries, and led to a fresh bout of volatility across financial markets. The hostilities escalated when militants affiliated with Hamas initiated a large-scale attack against Israel. These tragic developments have led to a significant human toll, and raised grave concerns about an extended conflict. Somewhat ominously, last Friday marked 50 years since the Yom Kippur War started. This armed conflict also began with a surprise attack against Israel and it was a catalyst for this oil shock. Are we headed for another stagflationary period like the 1970s, and what might this conflict mean for investors?