The Globe and Mail reports in its Thursday edition that global investors and the International Montetary Fund suggest the Iran war is likely over, but the energy market remains uncertain. A Reuters dispatch to The Globe says many asset prices have stabilized, with the conflict's impact now seen as marginal. The IMF has the unenviable task of forecasting global economic growth during a war and an energy shock. Its central conclusion was probably most powerful in what it didn't do rather than what it did. The IMF made no change to its global gross domestic product growth forecast for 2027 compared with its last update in January. But next year is essentially expected to develop much like the IMF saw it prewar in January and even back in October -- 3.2-per-cent world growth. Even before those forecasts were released on Tuesday, many in the markets had effectively decided the same. Wall Street stocks returned to prewar levels of Feb. 27 on Monday, completing a 565-point, near 10 per cent round trip. The Cboe Volatility Index, the VIX "fear index" of implied volatility, has subsided to its lowest since February. Reuters says the temptation to ignore the war and focus on earnings in the year ahead has been hard to resist.