7 April 2026
Peter Boockvar: how to position your portfolio in the face of the Iran war
In this episode of The Master Investor Podcast, Wilfred Frost sits down with Peter Boockvar, CIO of OnePoint BFG Wealth Partners and editor of The Boock Report, to dissect what the Iran War means for markets – highlighting the stocks and commodities poised to benefit, and the rallies investors should be cautious of.
Peter Boockvar: how to position your portfolio in the face of the Iran war
Peter shares his view thesis on why inflation was proving far more persistent than markets and central banks were willing to admit even before the war, and explains why this Iran War energy shock and renewed supply disruptions threaten to push PPI and CPI higher and global growth lower, with shortages in everything from jet fuel to fertilizers which threaten to trigger COVID-style hits to GDP in multiple regions.
He then lays out where he sees the most compelling opportunities and risks across asset classes. He sees gold as a “source of funds” in the short term, but still very attractive longer term; oil he doesn’t see settling back down to $65 regardless of when the war ends, and sees $80-85 long term which means oil companies should be bought on any pullback; and he sees agriculture as the commodity bull market for next year.
He makes the case for international equities – especially in the UK – which he views as chronically undervalued, while expressing caution of all developed markets long-duration bonds, while loving some EM debt, like that of Brazil.
Whether you are worried about the next inflation spike or looking for ways to position a portfolio for a world of higher prices, tighter supply and shifting market leadership, this conversation offers a clear, actionable framework for the months and years ahead.
Disclaimer
Nothing in the Master Investor podcast constitutes financial advice. We're here to share ideas and opinions, but you should always seek external independent financial advice before making your own investment decisions.
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Watch the video on The Master Investor Podcast with Wilfred Frost YouTube channel.