I just fried my first turkey and left the oil outside to cool. While we were inside enjoying the turkey we realized it had been raining for a while. I didn't have a lid on the pot. I was planning on filtering the oil and storing for later use. How bad will it be to reheat the oil with a bit of water in it?

UPDATE: I should have given more information about how much water may have entered the pot. It was probably raining anywhere from 2-4 minutes by the time I went out and covered the pot. The oil was still over 200 F at this point. I wouldn't think that much water really made its way in. Also, wouldn't any rain water that hit the oil have immediately evaporated?