The Globe and Mail reports in its Saturday edition that the S&P/TSX Composite Index fell to a one-month low on Friday as investors weighed gloomy domestic jobs data and braced for longer-lasting disruptions to oil supply from the Mideast war. A Reuters dispatch to The Globe says Toronto's benchmark index ended down 298.67 points at 32,541.93. The index lost 1.6 per cent last week and has pulled back 5.8 per cent from its March 2 record closing high. "Amid the big swings in oil prices this week, and the related moves in other markets, the key theme was a grinding acceptance that the conflict with Iran will not end soon," Douglas Porter, chief economist at BMO Capital Markets, said in a note. "It's quite evident that Iran will have a big say through its control of the Strait of Hormuz. And its tough stance there suggests the very real possibility that oil prices will stay elevated and volatile for some time yet." Investors have worried that higher oil prices could raise inflation pressures, lead to tighter than previously expected monetary policy and depress the economy. A similar story played out on Wall Street on Friday, as U.S. stocks ended down, capping a week in which erratic crude oil prices whipsawed equities.